Billionaire Abramovich sued by bank

A British-based bank is suing Chelsea Football Club owner Roman Abramovich, his Sibneft oil company and another former director of a now-defunct Russian firm that owes £9.37m (€13.3m) to the bank.

The European Bank for Reconstruction and Development is trying to recover the money, which the now-bankrupt Runicom oil trading firm received from SBS-Agro - a bank to which the EBRD had loaned money and which went under following the Russian economic crash of 1998.