UK Threatens to Sue Abramovich to Transfer Chelsea Sale Proceeds to Ukraine

Abromovich's decision to sell Chelsea in 2022, following the Russia-Ukraine War, resulted in a frozen £2.5 billion profit in a UK bank. The UK government is demanding that the profit be used solely for humanitarian aid in Ukraine, despite Abromovich's intentions to donate it to a foundation for all victims of the war. The Finance Minister Rachel Reeves and Foreign Secretary David Lammy stated their readiness to pursue legal action if necessary, emphasizing the importance of helping those suffering in Ukraine. The UK government remains committed to ensuring that the profit from Chelsea's sale is used for humanitarian purposes in Ukraine. The disagreement between the UK government and Abromovich's lawyers is the reason for the frozen funds in a UK bank, following the sanction imposed on Abromovich after the Russia-Ukraine War. The decision for Abromovich to sell Chelsea was made under duress, with the condition that he prove he would not benefit from the sale. A committee from the House of Lords criticized the failure to fulfill the promise of using the funds for Ukraine, labeling the situation as 'unacceptable'.