Investors circling Russian assets as sanctions tighten

ROMAN Abramovich has for years ignored attempts to buy his Chelsea Football Club, even as the UK made it hard for him to visit London to watch the team.

Now, in the wake of Russia's invasion of Ukraine, he will sell the club - though his advisers want at least £3 billion (S$5.36 billion).

In the world of the ultra-rich, phones are lighting up and Zoom calls are being initiated about possibly purchasing assets at risk from sanctions at potentially bargain levels.