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December 25, 2024 at 10:40 PM

Abramovich's Chelsea Sale: No Money, But Not Free!

The fate of the £2.35 billion from Chelsea's sale remains uncertain, locked in a frozen account as disputes over its allocation for Ukraine war victims continue.

Abramovich's Chelsea Sale: No Money, But Not Free!

The £2.35 billion proceeds from the sale of Chelsea Football Club remain in limbo, frozen in an account amid ongoing disputes over its use. Roman Abramovich, who sold the club in 2022, had pledged the money to assist 'all victims of the Ukraine war' globally.

The UK government, however, insists the funds should be spent exclusively in Ukraine. This disagreement has left the funds untouched, except for minor releases for legal costs.

Charitable organizations express frustration over the lack of progress, fearing further delays if Britain's sanctions policies against Russia shift. A Foreign Ministry spokesperson reaffirmed efforts to channel the funds towards humanitarian goals in Ukraine.

The stalemate highlights the challenges of aligning financial actions with international political and humanitarian commitments.