Updated: 5h
The UK has given Roman Abramovich a final 90-day deadline to transfer £2.5 billion from the 2022 sale of Chelsea FC into a new foundation to fund humanitarian relief in Ukraine, after the proceeds were frozen in a Fordstam-controlled UK bank account following his sanctioned sale of the club.Prime Minister Keir Starmer told the House of Commons the government licence authorises the transfer and warns the clock is ticking, Chancellor Rachel Reeves called it unacceptable that the money remains frozen, and ministers say they will go to court if Abramovich does not comply; the licence bars any benefit to sanctioned individuals.
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The UK has given Roman Abramovich a final 90-day deadline to transfer £2.5 billion from the 2022 sale of Chelsea FC into a new foundation to fund humanitarian relief in Ukraine, after the proceeds were frozen in a...

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