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UK Sanctions
17 December 2025
Type
Written Ministerial Statement
Department
Treasury
At a Glance
Issue Summary
The statement addresses the UK government's issuance of a licence to transfer £2.5 billion from the sale of Chelsea Football Club to a charitable foundation for Ukraine victims.
Action Requested
The Government urges Roman Abramovich to act without delay and proposes that any legal route proposed by him will be considered under the terms of the issued licence, while confirming its commitment to use all available tools, including legal action, to release these funds.
Key Facts
- OFSI issued a licence permitting the transfer of over £2.5 billion.
- The funds are intended for a new charitable foundation benefiting victims of the invasion in Ukraine.
- The Government would have preferred cooperation from Roman Abramovich and his company, Fordstam Ltd.
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