Starmer Demands Abramovich Pay Up Now or Face Court Action
The Prime Minister has sent a clear and urgent message to Russian oligarch Roman Abramovich: he must fulfill his financial commitments to victims of the Ukraine war or be prepared for legal repercussions. This declaration follows Abramovich’s previous promises concerning the proceeds from the sale of Chelsea Football Club.
Key Facts on Abramovich and Chelsea FC
– Sale of Chelsea FC: In 2022, Abramovich consented to sell Chelsea FC after Russia’s invasion of Ukraine.
– Pledged Assistance: He vowed that the proceeds from the club’s sale would support victims affected by the conflict.
– Frozen Funds: The £2.5 billion generated from the sale remains frozen in a UK bank account due to sanctions against Abramovich.
– Legal Dispute: Ongoing disagreements between the UK government and Abramovich’s legal team have delayed the release of these funds.
– License Issued: Sir Keir Starmer highlighted that the UK government had granted a license facilitating the transfer of the frozen funds.
Starmer’s Call to Action: Pay Up Now
In a recent address to the Commons, Sir Keir Starmer emphasized the urgency of the matter:
– “The clock is ticking,” he stated, stressing the need for Abramovich to honor his promise and “pay up now.”
– He warned that the government is poised to take legal action to ensure the funds are allocated to those impacted by the war.
Government’s Legal Position
– The UK Treasury has previously indicated a willingness to sue Abramovich, reinforcing that the funds must be directed solely toward humanitarian efforts in Ukraine and not benefit him or other sanctioned individuals.
– A dispute persists regarding the intended allocation of the money; the UK government seeks to focus on aid for Ukrainian humanitarian causes, while Abramovich prefers it be available for all war victims.
Background on Abramovich
– Abramovich, a billionaire rooted in the oil and gas sector, was granted a special license to sell Chelsea FC under the condition that he would not profit from the sale.
– He has been associated with Russian President Vladimir Putin, a connection he has consistently denied.
– Currently, due to ongoing UK sanctions, he cannot access the £2.5 billion, yet he still legally retains ownership of these funds.
As these developments unfold, the pressing question remains: will Abramovich comply with Sir Keir Starmer’s demands, or will legal action become necessary to resolve this critical issue for the victims of the ongoing conflict in Ukraine?