UK to Transfer £2.5bn Abramovich Funds to Ukraine: Starmer
The UK government has issued a final warning to Roman Abramovich, ordering him to release £2.5 billion from the sale of Chelsea FC within 90 days for humanitarian causes in Ukraine or face legal action. This ultimatum follows years of stalled negotiations over the funds, which are currently frozen in a UK bank account. The government emphasizes the money’s intended purpose is to support victims of the war. Abramovich, who sold the club under pressure from the British government in 2022, must now establish a foundation and arrange the transfer according to the license, with the government prepared to take him to court to ensure the funds reach their intended recipients.
John Q. Hosedrinker