Final Call: Abramovich Pressured to Release Chelsea Sale Funds to Ukraine

Britain is pressuring Russian oligarch Roman Abramovich to allocate 2.5 billion pounds from Chelsea Football Club's sale to Ukrainian humanitarian efforts or confront legal actions. The funds, currently frozen in a UK account since the club's sale in 2022, are seen as vital for Ukraine's recovery.

Britain has issued a final ultimatum to Russian oligarch Roman Abramovich, demanding the release of 2.5 billion pounds from the sale of Chelsea Football Club for Ukraine's humanitarian aid or face potential legal action. Sanctioned amid a crackdown post-Ukraine invasion, Abramovich had prior flexibility requests denied.

The government warned it might pursue court action to uphold a 2022 agreement with Abramovich if the funds do not reach Ukraine promptly. UK finance minister Rachel Reeves emphasized the necessity of unfrozen assets for Ukraine's recovery. The funds, earmarked for humanitarian efforts, remain immobile in a British account.

Prime Minister Keir Starmer noted the potential issuance of a licence to facilitate fund transfer to a charitable foundation. This move aligns with Europe's strategy to utilize Russian assets to counteract the fiscal impacts of Moscow's aggression, facing staunch opposition from Kremlin authorities.

(With inputs from agencies.)