Russian billionaire accused of missing ‘last chance’ to release money to help victims of Ukraine war
UK officials are preparing for a possible court case against Roman Abramovich after he missed a deadline to release £2.4bn he raised from selling Chelsea FC.
The Russian billionaire failed to hand over the money by the deadline of 17 March, amid a dispute over how it will eventually be used.
Government officials said they would now take steps to prepare for a potential court case so the money can be spent for humanitarian purposes in Ukraine. They have written to Abramovich’s lawyers to warn them of this.
They added that they would also increase support for an independent foundation that has been set up to spend the money when it is released.
