Tabloids learned of Abramovich's inability to pay rent due to sanctions

Russian businessman Roman Abramovich cannot pay the rent on the land on which his mansion in Kensington (London) is located, tabloids DailyStar and Mail Online report.

According to publications, the Russian billionaire has to pay about £10,000 annually to the UK treasury for the land, which is owned by the crown. Formally, the monarch is considered the owner of the possessions, which gives the land the status of state property.

In the event of the formation of debt, the entrepreneur may lose this asset, the publication writes.

In total, the house has 15 bedrooms, Mail Online specifies. Built in 1848, the mansion is located in the gardens of Kensington Palace, not far from the home of Prince William and his wife Kate Middleton, the newspaper writes.