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Abramovich Assembles Legal Team to Contest UK Order on £2.5 Billion Under Sanctions

Abramovich Assembles Legal Team to Contest UK Order on £2.5 Billion Under Sanctions

A legal dispute has emerged in the United Kingdom involving Roman Abramovich and £2.5 billion generated from the sale of Chelsea Football Club. The money remains frozen under the UK sanctions regime, and no transfer has taken place. The disagreement centers on a demand by British authorities that the funds be sent to Ukraine, a condition Abramovich is now contesting through legal action.

The issue does not concern the origin of the money or whether it exists. Instead, it focuses on who has the legal authority to decide how the frozen funds should be used. Abramovich has rejected the UK government’s specific demand and has assembled a legal team to challenge the decision in court.

The funds remain locked in accounts linked to Abramovich and controlled by sanctions rules. They cannot be accessed, moved, or distributed without official approval.

Background of the Chelsea Sale and Frozen Funds

Chelsea Football Club was sold in 2022 after Roman Abramovich was sanctioned by the UK following Russia’s invasion of Ukraine. The sale generated approximately £2.5 billion.

Because Abramovich was under sanctions at the time, the UK government approved the sale only under strict conditions. One of those conditions was that Abramovich would not benefit from the proceeds of the transaction.

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As a result, the money from the sale was placed into frozen accounts. Under UK sanctions law, frozen assets cannot be used, transferred, or donated unless permission is granted by the authorities.

Since the sale was completed, the funds have remained untouched. They have not been released to Abramovich or transferred to any third party, charity, or government body.

Later, British authorities stated that the frozen money should be transferred to Ukraine. According to their position, the funds should be used for humanitarian purposes linked to the war.

This demand triggered the current dispute.

Disagreement Over Transfer to Ukraine

The UK government has demanded that the £2.5 billion be sent to Ukraine. The stated goal is to support humanitarian relief efforts.

Roman Abramovich has refused to agree to this requirement. Reports indicate that while he previously supported the idea of using the money for charitable causes, he does not accept the condition that the funds be transferred directly to Ukraine under government direction.

The disagreement is not described as a refusal to donate the money. Instead, it concerns how the funds should be distributed and who should control that process.

Abramovich is said to want an alternative solution for the future use of the funds. This would involve a charitable mechanism that is not directly controlled by governments.

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Because no agreement has been reached, the money remains frozen. No portion of the £2.5 billion has been transferred.

The UK authorities continue to insist that the transfer to Ukraine should go ahead. Abramovich continues to reject those terms.

Legal Action and Sanctions Law

In response to the UK government’s demand, Roman Abramovich has assembled a legal team and is preparing to challenge the authorities in court. The legal challenge is aimed at contesting the requirement to transfer the frozen funds to Ukraine.

The dispute centers on the limits of sanctions law. Under UK rules, sanctions allow the government to freeze assets, but freezing does not automatically change ownership.

The £2.5 billion is still legally owned by Abramovich, even though he cannot access or control it.

The UK government has not confiscated the money. Instead, it remains frozen, which is considered a temporary measure under sanctions regulations.

The case highlights questions about how frozen private assets can be handled and whether governments can direct their use without consent or a formal confiscation process.

At present, no court ruling has been made. The funds remain frozen, and the legal process is now a key part of the ongoing dispute between Roman Abramovich and the British authorities.

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