To ensure that the proceeds from the sale of the Chelsea Football Club go to Ukraine, the UK government has threatened to sue Roman Abramovich.
Since the sale, the £2.5 billion in proceeds have been frozen in a UK bank account, with Mr. Abramovich sanctioned in February 2022 as a result of Russia’s massive invasion of Ukraine.
The money will go to “all victims of the Ukrainian war,” according to Mr. Abramovich, but the UK government wants it to go to “all victims of the Ukrainian war.”
They stated that their goal was “to ensure people in Ukraine who are suffering in this country can benefit as soon as possible.”
Following Russia’s illegal full-scale invasion, the government is determined to use the proceeds from the sale of Chelsea Football Club to aid humanitarian efforts in Ukraine.
We are “deeply frustrated” that there hasn’t been any progress toward reaching an agreement with Mr. Abramovich.
The UK government and his attorneys disagree over how long the funds have been delayed in releasing them.
Following Russia’s invasion of Ukraine, Mr. Abramovich, a billionaire from Russia who made his fortune in oil and gas, was given a special license to sell Chelsea, as long as he could demonstrate that he would not profit from the sale.
He has denied having any direct ties to Russian President Vladimir Putin.
Under UK sanctions, he is unable to access the $2.5 billion sale proceeds, but it still legally belongs to him.
When he made the announcement to sell the club, he stated that the proceeds from the sale would go to a foundation “for the benefit of all victims of the Ukrainian war, including those who are still living in Russia.”
The UK government has reacted and argued that the funds should only be used for humanitarian projects inside Ukraine.
The unfaithfulness of Mr. Abramovich’s promise to use the funds to support Ukraine was described as “unintelligible,” according to a House of Lords committee last year.
Source: BBC
Leave a Reply