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Keir Starmer moves to transfer £2.5bn from Roman Abramovich’s Chelsea FC sale to Ukraine

Proceeds from sale of football club frozen in a UK bank after Russian oligarch hit with sanctions

Sir Keir Starmer has issued a licence to transfer £2.5bn of frozen assets from Roman Abramovich’s sale of Chelsea Football Club to Ukraine, warning the Russian former owner that the UK government is prepared to take him to court if he fails to release the funds.

“My message to Abramovich is . . . the clock is ticking, honour the commitment you made and pay up now,” Starmer said during Prime Minister’s Questions on Wednesday.

“If you don’t, we’re prepared to go to court so every penny reaches those whose lives have been torn apart by Putin’s illegal war.”

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