- Chelsea Sale Funds For Ukraine W@r Victims Still Frozen After Three Years, Roman Abramovich pledged £2.5bn proceeds from Chelsea sale for humanitarian aid.
- Disagreements between stakeholders have delayed establishment of a distribution foundation.
- No timeline has been provided for when funds will be released to assist victims.
The £2.5 billion sale of Chelsea Football Club by Roman Abramovich was meant to bring hope to victims of the war in Ukraine, but nearly three years later, the funds remain frozen in a UK bank account.
Disagreements between Abramovich’s representatives, the UK government, and international stakeholders over how to distribute the money have stalled its release.
Abramovich had promised in March 2022 that the proceeds would support “all victims of the war,” but the UK government insists that the funds must exclusively benefit Ukrainians affected by Russia’s invasion. This impasse has left the money untouched, despite its potential to provide vital humanitarian aid.
The Foreign Office has announced plans to establish an independent foundation to manage and distribute the funds, but progress has been slow. Critics are frustrated by the lack of transparency and urgency, pointing out that millions of Ukrainians continue to suffer while this substantial sum remains unused.
Money raised from the sale of Chelsea which was supposed to benefit victims of the war in Ukraine has still not been released.
The Foreign Office has confirmed that the proceeds from the £2.5 billion sale almost three years ago remain frozen in a UK bank account. pic.twitter.com/oCpQRjeXDJ
— Sky Sports News (@SkySportsNews) March 3, 2025
Foreign Office Minister Andrew Mitchell acknowledged that the process has taken “far too long,” citing significant complications involving multiple parties, including the European Union and Portugal. Despite these assurances, no clear timeline has been provided for when the funds will finally be released.
The prolonged delay has sparked widespread criticism, with many questioning why such a large sum remains inaccessible during an ongoing humanitarian crisis.
Initially, Abramovich’s pledge was seen as a significant gesture, but bureaucratic hurdles have overshadowed its impact. As discussions drag on without resolution, millions of Ukrainians await desperately needed relief that remains frustratingly out of reach.
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Last Updated on March 4, 2025 by 247 News Around The World
