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Euronews

Sasha Vakulina

UK to transfer €2.8bn of Abramovich’s Chelsea cash to Ukraine fund, PM Starmer says

United Kingdom Chelsea Roman Abramovich Ukraine Russia Sir Keir Starmer Vladimir Putin

The UK has issued a licence allowing €2.8 billion from Roman Abramovich's sale of Chelsea Football Club to be transferred to humanitarian causes in Ukraine, warning the Russian oligarch he faces legal action if he fails to comply, Prime Minister Keir Starmer told the House of Commons on Wednesday.

“The clock is ticking on Roman Abramovich to honour the commitment he made when Chelsea FC was sold and transfer the £2.5bn (€2.8bn) to a humanitarian cause for Ukraine,” Starmer said.

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