"Starmer told MPs on Wednesday that ministers have issued a licence allowing the proceeds from the sale of Chelsea to be transferred to a new foundation for humanitarian causes in Ukraine. He said: "My message to Abramovich is this: the clock is ticking. "Honour the commitment you made and pay up now, and if you don't, we are prepared to go to court so every penny reaches those whose lives have been torn apart by Putin's illegal war.""
"The oligarch had pledged to donate the proceeds from the sale of the club to the people of Ukraine, but he has so far failed to reach an agreement with the Government on a way forward and the funds remain frozen. Downing Street said Abramovich has objected to the Government's insistence that the money be spent exclusively in Ukraine. Wednesday's decision to grant a licence for the transfer is an effort to force Abramovich to fulfil his promise before the Government resorts to legal action."
Ministers have issued a licence to allow the proceeds from the Chelsea sale to be transferred to a new foundation for humanitarian causes in Ukraine. Keir Starmer warned Roman Abramovich that the clock is ticking and demanded he honour his pledge to donate the proceeds, threatening court action to ensure the funds reach those affected by the war. Abramovich sold Chelsea in May 2022 after being sanctioned following Russia's invasion, and the pledged funds remain frozen due to a lack of agreement with the Government. Downing Street says Abramovich objects to spending being restricted exclusively to Ukraine, and the Government expects action within months without a hard deadline.
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