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Abramovich resigns as Russian governor

Abramovich resigns as Russian governor

Roman Abramovich has stepped down from his post as a Russian regional governor.

The billionaire owner of Chelsea football club has had his resignation approved by Russian President Dmitry Medvedev.

A presidential decree said Abramovich asked to be relieved of his duties as governor of the Chukotka Autonomous District, a sparsely populated Russian region near Alaska.

The 42 year old is ranked by Forbes magazine as Russia's second wealthiest businessman with a reputed wealth of £11.5 billion.

Russian media had reported in the past that Abramovich tried repeatedly to step down as governor but former President Vladimir Putin insisted he stay on.

© Independent Television News Limited 2008. All rights reserved.

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A38 Bedminster Parade / Commercial Road (Bedminster Bridge Roundabout)

Advance Warning - A370 Coronation Road Westbound closed due to roadworks at A38 Bedminster Parade / Commercial Road (Bedminster Bridge Roundabout).

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