Sir Keir Starmer, Leader of the Labour Party, has issued a clear ultimatum to Russian billionaire Roman Abramovich regarding the £2.5 billion proceeds from the sale of Chelsea Football Club. Speaking at the Commons, Starmer emphasized the urgency of the situation for Ukrainian humanitarian efforts.
Starmer’s Demand for Abramovich
In his address, Starmer stated, “My message to Abramovich is clear: the clock is ticking.” He urged Abramovich to settle and ensure that funds reach individuals impacted by the ongoing conflict in Ukraine. If Abramovich fails to comply, Starmer indicated that the UK government is prepared to take legal action.
Context of the Sale and Frozen Funds
The £2.5 billion acquired from the Chelsea sale has been frozen since June 2022. Under current UK law, this amount must be allocated to humanitarian causes in Ukraine. Failure to adhere to this stipulation could lead to a legal battle.
- Key Figures:
- Roman Abramovich: Russian billionaire connected to oil and gas industries.
- Keir Starmer: Leader of the UK Labour Party.
- Timeline:
- June 2022: UK government threatens to sue Abramovich.
- 2022: Chelsea Football Club sale proceeds frozen.
Government’s Position on the Funds
The UK Treasury has clarified that the £2.5 billion must solely benefit humanitarian efforts related to the war. Abramovich’s proposal to distribute the funds to “all victims of the war in Ukraine” diverges from the government’s plan.
Despite sanctions preventing Abramovich from accessing the proceeds, legally, the funds remain his. He has faced scrutiny over alleged ties to Russian President Vladimir Putin, which he has consistently denied.
As the situation develops, the UK government remains steadfast in its commitment to ensuring that the necessary humanitarian aid reaches those affected by the conflict.
