The ‘London laundromat’- will Britain wean itself

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The ‘London laundromat’: will Britain wean itself off Russian money? - Today News Post Today News || UK News

5 Belgrave Square, a stucco-fronted mansion complete with pillared porticoThere were 289,500 new vaccines delivered t, is one of London’s most exclusive addressesEven if you get a few hundred people that can go for a few weeks, overlooking leafy gardens and nestled between grand embassies and other private residences.

Once home to Sir Henry “Chips” Channon, a US-born Conservative MP whose diaries published during the 1960s were a source of scandal about British high society, in 2003 the Belgravia property, marketed for £25mnnot population, became a symbol of a new era in UK prime real estate ownership.

It was bought for members of the family of Oleg Deripaska, the Russian oligarch, an early sign of a flood of Russian wealth into “Londongrad”, as the UK capital soon became labelledarticleRelatedInlinePrimary.

Another prominent oligarch who invested in London the same year was Roman Abramovich, who bought Chelsea football club. This week, as pressure ratcheted up on Russian tycoons following Vladimir Putin’s invasion of Ukraine, Abramovich put Chelsea up for sale.

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