Britain "recognizes" problems with redirecting funds from Chelsea sale to Ukraine

Britain "recognizes" problems with redirecting funds from Chelsea sale to Ukraine

Kyiv  •  UNN

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British Foreign Secretary Andrew Mitchell says it is taking "too long" to redirect the proceeds from the sale of Chelsea football club, owned by russian oligarch Roman Abramovich, to help victims of russia's invasion of Ukraine.

The British government has announced a delay in redirecting funds from the sale of Abramovich's Chelsea FC to help victims of russian aggression in Ukraine, calling the process "too long." This was reported by Sky News, according to UNN.

Details

British Foreign Secretary Andrew Mitchell says it is taking "too long" to redirect funds from the sale of Chelsea FC to russian oligarch Roman Abramovich to help victims of the war in Ukraine.

The official also noted that there are "significant problems" that need to be addressed, but assured that there is "new energy" to address this issue.

Recall

The sale of the Chelsea football club to russian oligarch Roman Abramovich took place in May 2022, after sanctions were imposed on him in connection with the russian invasion of Ukraine. During the sale, Abramovich promised to use the proceeds for a fund to help war victims.

However, almost two years later, the funds remain frozen in the bank account due to disagreements between the parties over how the money should be spent.

House of Lords calls on UK government to speed up transfer of 2.5 billion pounds from Abramovich's sale of Chelsea to UkraineJan 31 2024, 12:29 PM • 24036 views