RT International Roman Abramovich has been ordered to hand Kiev the proceeds from the sale of Chelsea football club
The British government has warned it could sue Russian billionaire Roman Abramovich if he fails to approve the transfer of £2.5 billion ($3.4 billion) to Ukraine from the sale of Chelsea football club. The threat came from Chancellor of the Exchequer Rachel Reeves and Foreign Secretary David Lammy in a joint statement on Monday.
Abramovich sold Chelsea to a consortium of American investors in May 2022, shortly after the escalation of the Ukraine conflict and after being sanctioned by London over alleged Kremlin ties. The tycoon, who denied the accusations and has acted as a mediator between Moscow and Kiev on several occasions, intended the proceeds to be used to help victims of the Ukraine conflict on both sides. London, however, has been pushing for the money to go solely to Ukraine, ignoring the businessman’s wishes.
“The government is determined to see the proceeds from the sale of Chelsea Football Club reach humanitarian causes in Ukraine,” the statement from Reeves and Lammy read. They added that the UK is “deeply frustrated” that it has been unable to reach an agreement with Abramovich more than three years after the sale.
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