Russian tycoon Roman Abramovich quits as Chukotka governor

MOSCOW, July 3 (RIA Novosti) - Roman Abramovich, the Russian billionaire owner of Chelsea FC, has quit as governor of a remote Far East region, the Kremlin press service said on Thursday. Russian President Dmitry Medvedev has signed a decree accepting Abramovich's resignation. No reasons for the decision were reported. Chukotka governor since 2000, Abramovich, 42, has been credited for lavishly investing in the sparsely populated Chukotka autonomy, a gold and coal-producing region about two times the size of Germany. Media reported earlier that Abramovich, who mainly resides in London, had been keen to resign for some time, including in 2006 and pledged to continue investment programs in the region, but then president Vladimir Putin insisted he stay. The businessman is ranked the country's second richest man by Forbes... [read full story]                    

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