The Rocky Mountain mansion owned by Roman Abramovich, a Russian oligarch targeted by the Western sanctions, could be among the first assets frozen by the U.S. government under the U.S. KleptoCapture initiative. The 14,000-square-foot modern mega-home on 200 acres in Snowmass, Colorado, is just outside the glamorous Aspen. He bought the property in 2008 for $36.5 million and would likely sell for well over $50 million given soaring prices. It is the second most expensive home ever sold in the Aspen area.
Abramovich also owns a 5,500-square-foot chalet-style home in Snowmass Village, which he purchased in 2008 for $11.8 million. Local brokers say that the property likely serves as a guest house, caretaker’s house, or ski house since it’s next to the slopes. The properties are prime targets for an asset freeze if Abramovich is sanctioned. According to local property records, both Snowmass properties were purchased and remain in Abramovich’s name.
The U.K., the European Union, Canada, and Australia have subjected him to travel restrictions and have frozen his assets in those jurisdictions. U.S. officials, too, are readying sanctions against Roman Abramovich, according to people familiar with the matter, but the timing remains uncertain, and Washington may ultimately decide not to target him.