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Article continues belowArticle continues belowArticle continues below<ul><li>Abramovich sold Chelsea in 2022</li><li>Promised billions to Ukraine war victims</li><li>Funds still stuck in bank account</li></ul><script type="application/json" data-placement="fcplayer-semantic">{"type":"fcplayer-semantic","data":{"embedCode":"//cdn.fcp.codes/embed-code-template/embed-code-template.js#SEMANTIC_5704afb8-c10b-4ba5-9cb4-d7fb6098ef90"}}</script>

Why £2.5 billion from Roman Abramovich's Chelsea sale STILL hasn't been paid to Ukraine war victims - explained

Premier League

Chelsea

Tottenham

The former Blues chairman was forced to sell the club to a US-based consortium - headed by Todd Boehly - under sanctions following Russia's invasion of Ukraine. As part of the deal, Abramovich set aside <a href="https://www.goal.com/en/news/money-from-roman-abramovich-chelsea-sale-on-journey-to-help-ukraine-minister-claims/bltfd6707f23add568c" target="_blank">a mammoth amount of money to be donated to victims of the war</a>.

WHAT HAPPENED?

Nearly two years on, Abramovich's £2.5bn donation remains stuck in a London bank account, as per <a href="https://www.dailymail.co.uk/sport/football/article-13320361/Ukrainian-war-victims-Chelsea-sale.html" target="_blank">Mail Online</a>, where it could remain for the foreseeable future. Part of the problem relates to where the funds should be sent and whether other countries involved in the war should receive some support. As the former chairman has not been convicted of any illegal activity, the government would face issues trying to redirect the money without Abramovich's approval. A Politico report suggests that the 57-year-old would like some of the donation to go to Russian victims.

THE EXPLANATION

Former Prime Minister and current foreign secretary David Cameron said to the House of Lords: "That is the difficulty with the people who set up this trust. We have to resolve that with the European Union and Portugal, where Abramovich has citizenship. We are working very hard because I do not want month after month to go by while the money has not got out of the door. It is difficult to get everybody into alignment, but we are on it."

WHAT DAVID CAMERON SAID

As he is no longer under the public eye with Chelsea, Abramovich is not feeling pressure to come to an agreement. If there is no way to reach a conclusion, those in power could push for new legislation that would allow the government to distribute the money without the Russian oligarch's involvement.

WHAT NEXT FOR ABRAMOVICH AND HIS MONEY?

Why £2.5 billion from Roman Abramovich's Chelsea sale STILL hasn't been paid to Ukraine war victims - explained | Goal.com US

A sum of £2.5 billion ($3bn) from Roman Abramovich&apos;s sale of Chelsea is yet to be paid to war victims in Ukraine as promised.

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