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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The White House has instructed U.S. military forces to concentrate largely on enforcing a “quarantine” on Venezuelan oil exports for at least the next two months, a U.S. official told Reuters, signalling that Washington is prioritising economic pressure over direct military action against Caracas.
South Korea’s special prosecutor has requested a 10-year prison sentence for former president Yoon Suk Yeol, accusing him of attempting to obstruct his arrest following his failed bid to impose martial law.
Japan's cabinet has approved a record-high $785 billion budget for the next fiscal year - including the largest allocation for defence spending ever.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 26th of December, covering the latest developments you need to know.
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The United States carried out a strike against Islamic State militants in northwest Nigeria at the request of Nigeria's government, President Donald Trump and the U.S. military said on Thursday.
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