Mar 17 • 21:40 UTC 🇬🇧 UK Mirror

Government set to sue Abramovich over failing to release £2.5bn from Chelsea sale

The UK government is preparing to sue Roman Abramovich for failing to release £2.5 billion from the sale of Chelsea Football Club, which was intended for Ukrainian aid.

The UK government is planning to initiate legal action against Roman Abramovich after he missed a deadline to release £2.5 billion from the sale of Chelsea Football Club. This amount was supposed to be redirected to a foundation aimed at providing humanitarian aid in Ukraine, as previously announced by Labour leader Keir Starmer. The government had specified that Abramovich needed to fulfill this commitment within 90 days to avoid legal consequences.

In December, Starmer disclosed that the Treasury would assist in issuing a license for the release of the frozen funds, highlighting the urgency and importance of the situation given the ongoing humanitarian crisis in Ukraine. Despite these measures, Abramovich has failed to adhere to the government's ultimatum, leading officials to formally notify his lawyers of impending court action. A government spokesperson emphasized the disappointment in Abramovich's continued inability to follow through on his pledge, reiterating that this was his last opportunity to act responsibly.

The potential lawsuit reflects broader issues surrounding the complexities of asset management and accountability involving high-profile figures like Abramovich, particularly regarding fund allocations related to global crises. The situation underlines the tension between the UK government and certain oligarchs, as well as the ethical responsibilities of wealthy individuals in contributing to humanitarian efforts. Should the case proceed, it may set a precedent for future dealings between governments and foreign stakeholders with similar situations.

📡 Similar Coverage