UK Warns Abramovich: Pay £2.5bn for Ukraine or Face Court
UK government urges Roman Abramovich to release £2.5 billion from Chelsea's sale to aid Ukraine, threatening legal action if he delays; funds remain frozen as ministers push for humanitarian use.
The government has pressed Russian billionaire Roman Abramovich to hand over £2.5 billion from Chelsea's sale for Ukrainian relief, warning of court action if he delays. The funds have been frozen in a British bank since 2022 amid a dispute over how they should be used.
Background
In 2022 Abramovich pledged that proceeds from selling Chelsea Football Club would support those affected by the war in Ukraine. A disagreement over whether the money should go to humanitarian aid or broader wartime relief has stalled the release.
Government stance and licensing
MPs were told that a government licence allows the transfer of the £2.5 billion, which has remained frozen since the Chelsea sale. The Treasury emphasizes the money must go to humanitarian causes in Ukraine and cannot benefit Abramovich or any other sanctioned individual.
The prime minister and foreign secretary have urged Abramovich to honour the commitment and release the funds now. If he does not act within a 90-day window, ministers say they are prepared to pursue court action to ensure the money reaches those affected by the conflict.
Foreign Secretary Yvette Cooper noted the government would not back further delays, but she confirmed legal action remains an option.
Abramovich's representatives declined to comment. The government says the proceeds legally belong to him but access is blocked by sanctions, and the money must be used for Ukraine-related humanitarian work.
The broader European discussion continues, with EU leaders examining proposals to use frozen Russian asset proceeds to support Ukraine's budget and defence needs; Russia opposes the plan.
Mr Abramovich reportedly has 90 days to act before the UK considers a court case.
Expert analysis
Analysts say the move tests sanctions enforcement and could set a precedent for asset-use disputes. The case may influence how governments handle frozen wealth tied to aggressive actions abroad.
Short summary
The dispute over the Chelsea sale funds highlights ongoing tensions between sanctions policy and humanitarian aid. If Abramovich does not sign off on the transfer within the specified period, the government plans to take legal steps to ensure the money supports Ukraine. The EU is weighing related measures while London officials insist the proceeds must aid Ukrainian relief efforts.
Key takeaway: The government is pressing Abramovich to release the Chelsea sale proceeds for Ukraine, with possible court action if he fails to act within 90 days. Source
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