The British government has threatened legal action against Roman Abramovich to ensure that the £2.5 billion from his 2022 sale of Chelsea Football Club goes to victims of Russia’s war in Ukraine.
In a joint statement on Tuesday, Chancellor Rachel Reeves and Foreign Secretary David Lammy said the UK remains committed to seeing the frozen funds used for humanitarian aid in Ukraine. Talks with Abramovich have so far failed to reach a deal.
“While the door for negotiations will remain open, we are fully prepared to pursue this through the courts if required,” the ministers said.
Abramovich sold the club to a group led by U.S. investor Todd Boehly after the UK sanctioned him in 2022 over his ties to the Kremlin. The deal was approved on the condition he would not personally profit.
Though the money is frozen and cannot be moved without a UK licence, it still legally belongs to Abramovich. He argues the funds should support all war victims—including those in Russia—while London insists the money must go exclusively to help Ukrainians.
The UK has been one of Ukraine’s strongest allies since the start of Russia’s full-scale invasion in February 2022.
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Argentine authorities carried out raids on several properties on Friday as part of an investigation into an alleged kickback scheme that could implicate senior officials, local media reported.
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Argentine authorities carried out raids on several properties on Friday as part of an investigation into an alleged kickback scheme that could implicate senior officials, local media reported.
President Vladimir Putin said on Friday that there was now “light at the end of the tunnel” in relations between Russia and the United States, adding that the two sides were in talks over potential joint projects in the Arctic and Alaska.
President Donald Trump announced on Friday that he intends to nominate Sergio Gor, one of his closest aides, as the next U.S. ambassador to India, where he will be tasked with managing strained ties further complicated by Washington’s plan to double tariffs on Indian goods next week.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 23rd of August, covering the latest developments you need to know.
An explosion at an industrial plant in Roseland, Louisiana, on Friday (22 August) sent thick smoke billowing into the air and forced authorities to order mass evacuations.
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