by The government says that it is “fully prepared” to bring Roman Abramovich to court to solve the three -year dead end over the 2.5 billion GBP that are frozen from the sale of Chelsea.
In a rare joint explanation, the Chancellor of the Exchange, Rachel Reeves and Foreign Minister David Lammy, confirmed to escalate his efforts to secure money that was promised to support humanitarian activities in Ukraine.
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“The government is determined to achieve the proceeds from the sale of Chelsea Football Club according to humanitarian causes in Ukraine after the illegal invasion of Russia. We are deeply frustrated that it was not possible to achieve an agreement with Mr. Abramovich,” says the explanation.
“While the door remains open for negotiations, we are completely willing to pursue this through the dishes if necessary to ensure that people who suffer in Ukraine can benefit from these RELOSS as soon as possible.”
The Guardian reported for the first time in March that the government took this step into account with the hope that the solution to questions about Chelsea’s money could be separated from a broader debate about how Russian assets can be frozen by sanctions.
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Abramovich announced his decision to sell Chelsea after the invasion of Ukraine by Russia in 2022. The billionaire Oligarch, who had owned Chelsea for almost 19 years, said that he would contribute any proceeds from the sale to a non -profit foundation “to the benefit of all victims of the war in Ukraine”.
A little more than a week after this explanation, however, Abramovich was sanctioned by the British government. While the sale of Chelsea was allowed to go through, the proceeds could only be distributed if a license from the office was granted to implement financial stations. This license was again dependent on the creation of a foundation that has not yet been set up with the charity.
In 2023, the representatives of Abramovich informed the guardian that they believed that the government at the time had changed the conditions under which the money was finally to be distributed and tightened the conditions under which they could be issued. However, the current Labor government has retained the position of the previous administration and insisted that only money should be used “for humanitarian purposes in Ukraine”.
