Starmer tells Abramovich ‘clock is ticking’ to send Chelsea billions to Ukraine

Evening Standard

Sir Keir Starmer has warned Roman Abramovich that “the clock is ticking” for him to donate the proceeds from the sale of Chelsea FC to Ukraine.The Prime Minister told MPs on Wednesday that ministers have issued a licence allowing the proceeds from the sale of the Premier League football club to be transferred to a new foundation for humanitarian causes in Ukraine.

Transcript

00:00We have been working with our allies on frozen Russian assets to support Ukrainians in their

00:13hour of need. Today, Mr Speaker, I can announce that we are issuing a licence to transfer £2.5

00:20billion from the sale of Chelsea Football Club. That has been frozen, those funds, since 2022.

00:27My message to Abramovich is this. The clock is ticking. Honour the commitment that you made

00:34and pay up now. And if you don't, we're prepared to go to court so every penny reaches those whose

00:41lives have been torn apart by Putin's illegal war.

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