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last mo.

UK Gives Abramovich 90 Days to Transfer £2.5bn Chelsea Proceeds to Ukraine Charity

London set the deadline under a new licence that restricts the money to humanitarian relief in Ukraine.

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Die britische Regierung setzte dem Oligarchen jetzt eine 90-Tages-Frist.

Overview

  • The government issued a licence giving 90 days for the £2.5 billion (about €2.8 billion) to be moved into a newly created foundation dedicated to Ukrainian humanitarian use.
  • Prime Minister Keir Starmer warned the government will go to court if Roman Abramovich does not comply, saying "the clock is ticking."
  • Abramovich has proposed making the funds available to all war victims, including Russian citizens, a proposal the UK rejects.
  • The proceeds have been frozen in a British account since Chelsea's May 2022 sale to a consortium led by US investor Todd Boehly.
  • EU leaders plan to review proposals on using returns from frozen Russian state assets to support Ukraine, reflecting parallel moves under consideration in Europe.