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Today, at my direction, the Office of Financial Sanctions Implementation (OFSI) issued a licence permitting the transfer of over £2.5 billion from the sale of Chelsea Football Club to a new charitable foundation. The foundation will spend these proceeds for the benefit of the victims of the invasion in Ukraine.
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Today, at my direction, the Office of Financial Sanctions Implementation (OFSI) issued a licence permitting the transfer of over £2.5 billion from the sale of Chelsea Football Club to a new charitable foundation. The foundation will spend these proceeds for the benefit of the victims of the invasion in Ukraine.
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My right honourable friend the Chancellor of the Exchequer (Rachel Reeves) has today made the following Written Ministerial Statement.
Today, at my direction, the Office of Financial Sanctions Implementation (OFSI) issued a licence permitting the transfer of over £2.5 billion from the sale of Chelsea Football Club to a new charitable...
My right honourable friend the Chancellor of the Exchequer (Rachel Reeves) has today made the following Written Ministerial Statement.
Today, at my direction, the Office of Financial Sanctions Implementation (OFSI) issued a licence permitting the transfer of over £2.5 billion from the sale of Chelsea Football Club to a new charitable...
To ask His Majesty's Government what plans they have, if any, to release funds currently held by Roman Abramovich’s company Fordstam to Ukraine.
To ask His Majesty's Government what plans they have, if any, to release funds currently held by Roman Abramovich’s company Fordstam to Ukraine.
We are determined to see the proceeds from the sale of Chelsea FC reach humanitarian causes in Ukraine as soon as possible. We are doing everything we can to bring that about quickly. This is a complex legal issue, but the UK is working with international partners, has engaged with Abramovich's team, and is exploring all options to ensure the proceeds reach vulnerable people in Ukraine.