UK raises threat of law enforcement over Abramovich's $3.2 billion Chelsea sale
Source: The Straits Times
Published on: 2025-03-11 13:44
LONDON - Britain has indicated that a prosecution or other legal action could be brought over the frozen 2.5 billion pounds ($3.2 billion) from Russian businessman Roman Abramovich's sale of Chelsea soccer club that he had wanted to go to Ukraine war victims. The UK government sanctioned Abramovich in a crackdown on Russian oligarchs following Moscow's full-scale invasion of Ukraine, triggering a rushed sale of the Premier League club in 2022 and freezing of the proceeds under obscure terms. Three years on, the money is yet to be disbursed during a row over its distribution. Britain wants the money spent only in Ukraine in line with a wider European push for Moscow to foot the bill for the vast destruction and deaths triggered by its invasion. Abramovich wants more flexibility and for the money to go to all victims. Asked by Reuters to provide a central document with the Chelsea sale...
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