"Should the UK government believe it has the legal basis to confiscate these funds instead, it is of course open to initiate formal confiscation proceedings, which will be contested in court. The statement also says that the money is 'wholly owned by Mr Abramovich'."
"This money was promised to Ukraine over three years ago. It is time Roman Abramovich does the right thing, but if he won't, we will act. That's why the licence has been issued. It is time this money was used to rebuild the lives of people who've seen devastation as a result of Putin's illegal war."
Roman Abramovich sold Chelsea in 2022 for £2.35 billion, with proceeds intended for Ukrainian war victims. The funds have remained frozen since May 2022 due to disputes between Abramovich and the UK government over their distribution. Abramovich claims full ownership of the money and states willingness to pursue legal action if the government attempts confiscation. Prime Minister Keir Starmer demanded payment in December 2025. Foreign Secretary Yvette Cooper responded that the money was promised to Ukraine three years ago and must be used for reconstruction. The disagreement centers on whether Abramovich retains ownership or if the government can direct the funds to charitable causes supporting Ukraine.
Read at GiveMeSport
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