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Evening Standard

National

Megan Howe

Rachel Reeves threatens to sue Roman Abramovich over 'frozen' £2.5bn proceeds from Chelsea sale

Roman Abramovich Rachel Reeves Chelsea UK Government United Kingdom Ukraine

Roman Abramovich (Jed Leicester/PA) - (PA Archive)

The UK Government has threatened to sue former Chelsea Football Club owner Roman Abramovich over the £2.5billion proceeds from the club’s sale.

The proceeds have been frozen in a UK bank account for three years, with Mr Abramovich sanctioned after Russia’s full-scale invasion of Ukraine in February 2022.

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