Britain plans to unfreeze funds from the sale of Chelsea and give them to Ukraine.
The United Kingdom plans to transfer £2.3 billion in aid to Ukraine
According to the Financial Times, the UK government plans to unfreeze about £2.3 billion obtained from the sale of the football club 'Chelsea' and transfer it to aid Ukraine.
Foreign Secretary David Lammy noted that the UK froze the money from the sale of 'Chelsea' and emphasized the need for its effective use.
According to Lammy, the funds will be directed towards humanitarian aid, but specific details of distribution are yet to be agreed upon.
Frozen Abramovich money could be the subject of legal disputes
In 2022, Russian oligarch Roman Abramovich was forced to sell the football club 'Chelsea' due to sanctions imposed on him by the UK. Since then, £2.3 billion from the sale has been held in a special account. However, the owner cannot manage them due to disagreements about their use. Abramovich wanted to direct the funds to help war victims, including Russian soldiers, and for charitable purposes outside Ukraine, but the UK insists that the money should be used only for humanitarian needs in Ukraine.
The UK government is even considering the possibility of suing Abramovich to free up the frozen funds for aid to Ukraine. Disagreements over the distribution of the money are becoming greater, and the court may be the only way to resolve the issue.
Abramovich's representatives have yet to comment on the situation.
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