UK Issues Final Warning to Roman Abramovich: Release £2.5bn for Ukraine or Face Court Action

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The UK government has issued a final warning to former Chelsea Football Club owner Roman Abramovich, demanding that £2.5 billion from the sale of the club be released for Ukraine or risk legal action.

Abramovich sold Chelsea in May 2022 after being sanctioned by the UK over alleged links to the Russian government following Moscow’s invasion of Ukraine. As part of the sale agreement, the Russian billionaire publicly pledged that the proceeds would be used to support victims of the war.

More than two years later, the funds remain frozen in a UK bank account, with disagreements continuing over how the money should be distributed. British authorities insist that the entire sum must be channelled strictly towards humanitarian relief efforts in Ukraine, in line with the original understanding attached to the sale.

UK officials said the prolonged delay is unacceptable, stressing that the money was intended to ease the suffering caused by the war. They warned that failure to comply could prompt the government to pursue legal measures to compel the release of the funds.

The standoff highlights the growing pressure on sanctioned individuals linked to Russia to ensure assets tied to the Ukraine conflict are used for humanitarian purposes. It also underscores the UK’s hardening stance on enforcing commitments made in the wake of the invasion.

Abramovich has yet to publicly respond to the latest ultimatum.