Overview
- The Times, citing Roman Abramovich’s lawyers, reports he will ignore Prime Minister Keir Starmer’s request to allocate £1.4 billion to Ukraine from Chelsea sale proceeds.
- His legal team says the funds cannot be moved while a case continues in the Royal Court of Jersey.
- The Mail on Sunday reports he wants any distribution to cover both Ukrainian and Russian victims of the war.
- Roughly £2.35 billion in proceeds from the 2022 sale are in question after a UK licence allowed the deal on the condition he would not receive the money.
- The UK sanctioned Abramovich on March 10, 2022, freezing his assets and shaping the legal constraints that now govern the funds.