UK PM warns Abramovich ‘clock is ticking’ over Chelsea sale fund

UK government warns Roman Abramovich of last chance to give Chelsea sale proceeds to victims of Russia’s war in Ukraine.

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The United Kingdom on Wednesday said it was giving Russian oligarch Roman Abramovich a final chance to give Ukraine 2.5 billion pounds ($3.33bn) from the sale of Chelsea Football Club or face potential legal action.

The UK sanctioned Abramovich in a crackdown on Russian oligarchs after Moscow’s invasion of Ukraine in 2022, triggering a rushed sale of the Premier League football club and freezing of the proceeds.

UK PM warns Abramovich ‘clock is ticking’ over Chelsea sale fund

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