Accounts still frozen! Revealed Abramovich’s Chelsea sale money has not been used to help war victims marinabays

marinabays The UK Foreign Office has confirmed that £2.5bn of proceeds from the sale of Chelsea Football Club almost three years ago, which was aimed at helping victims of the war in Ukraine, remains in UK bank accounts.

Roman Abramovich was forced to sell Chelsea to a US consortium led by Todd Boehly in May 2022 under sanctions imposed by the UK government over his close ties to Russian President Vladimir Putin. marinabays

The former Blues boss once announced that he wanted this money to help ‘all victims of war’, which means some of the money will be sent to help Russia, so there is still debate on this issue.

When reporters asked about the amount of money, a spokesperson for the UK Foreign Office gave an update on the matter, saying:

“The government is making every effort to ensure that the proceeds from the sale of Chelsea are used for humanitarian purposes in Ukraine as soon as possible.”

“UK officials are in ongoing discussions with Mr Abramovich’s representatives, experts and international partners and we will do our utmost to reach a resolution.”

The UK government’s position remains the same: the money can only be used for humanitarian purposes in Ukraine and cannot be used for any other purpose.

Last weekend, Chancellor Rachel Reeves signed a deal with Ukrainian Finance Minister Sergei Marchenko to provide Ukraine with £2.2bn in military aid, but it has been confirmed that the money came from profits from Russian assets that are subject to EU sanctions and is not related to the sale of Chelsea. ( marinabays )