UK warns Abramovich to give Chelsea sale cash to Ukraine or face court
Summary
The UK government has given Roman Abramovich a final chance to donate £2.5 billion ($3.33 billion) from the sale of Chelsea Football Club to aid Ukraine or face possible legal action. The funds are currently frozen due to sanctions imposed after Russia's 2022 military actions in Ukraine. The UK plans to ensure these funds are used to help those affected by the conflict.Key Facts
- The UK wants Abramovich to give £2.5 billion from Chelsea's sale to Ukraine.
- The funds are frozen under sanctions after Russia's invasion of Ukraine in 2022.
- Abramovich has 90 days to comply with the UK's request.
- If Abramovich does not comply, the UK government may take him to court.
- The funds are intended for humanitarian aid in Ukraine.
- The UK will provide a licence to allow the funds' transfer to a new charitable foundation.
- Representatives for Abramovich were not immediately available for comment.
- Chelsea was sold to a group led by US investor Todd Boehly in May 2022.
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