Abramovich Can't Sell His IDR 152 Billion Luxury House In Portugal

JAKARTA - The movements of Russian buts Roman Abramovich are being watched closely. In fact, he failed to be able to sell a luxury home worth 10 million euros (10.4 million US dollars or equivalent to IDR 152 billion) by the Portuguese government.

As reported by Channel News Asia, citing the newspaper Publico, the Russian billionaire was subject to sanctions.

The list of mansion properties at the luxury Quinta do Lago resort in the Algarve was frozen - meaning it cannot be changed - on March 25 at the request of the foreign ministry. That means a month after Russia's full-fledged invasion of Ukraine.

This media tried to ask for confirmation from the ministry but did not reply. A spokesman for Abramovich also did not respond to phone calls and messages seeking comment.

The former owner of Chelsea football club did try to sell the property 15 days before the Russian invasion of Ukraine began through Delaware-based Millhouse Views LLC, which is owned by Millhouse LLC, which manages the assets.

Portugal's largest bank, Caixa Geral de Depositos, noticed the move and alerted the authorities.

Abramovich's luxury property is on plot 17 in the North San Lorenzo area of Quinta do Lago. There is a sign outside the fenced house that says it has been sold.

Abramovich has been sanctioned by the British government and the European Union over his ties to Russian President Vladimir Putin. He has denied having any such relationship.