To ask His Majesty's Government what steps they are taking to ensure the prompt delivery of the pledged £2.5 billion from the sale of Chelsea Football Club to support victims of Russia's invasion of Ukraine; and when they anticipate that this will happen.
Answered on
13 March 2024
The proceeds from the sale of Chelsea FC are currently frozen in a UK bank account while independent experts establish a foundation to manage and distribute the money. A licence from the Office of Financial Sanctions Implementation will then be needed to move the funds to the foundation. We are working as quickly as possible, including with our international partners, to ensure funds are released and reach Ukraine.
Answered by
Foreign, Commonwealth and Development Office