Abramovich's Billion-Dollar Standoff: Who Gets the Money?
United KingdomWed Dec 17 2025
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A big fight is happening over a huge pile of money. The UK government wants to help Ukraine, but a Russian billionaire has other ideas. Roman Abramovich, the guy who used to own Chelsea Football Club, promised to give £2. 5 billion to victims of the war in Ukraine. But now, the money is stuck in a bank account, and no one can agree on how to use it.
The UK says the money should go to humanitarian aid in Ukraine. But Abramovich thinks it should help "all victims of the war, " which could mean Russians too. The government has given him a licence to move the money, but he hasn't done anything yet.
Sir Keir Starmer, the UK's prime minister, has warned Abramovich to "pay up now" or face a court battle. The government is ready to take legal action if Abramovich doesn't honour his promise. Foreign Secretary Yvette Cooper has also urged him to pay the money.
Abramovich's representatives aren't saying anything. The Treasury has made it clear that the money must go to humanitarian causes in Ukraine and cannot benefit Abramovich or any other sanctioned individuals. The government first threatened to sue Abramovich in June, and now the clock is ticking.
Abramovich has 90 days to act before the UK considers taking legal action. Meanwhile, EU leaders are discussing how to use proceeds from frozen Russian assets to support Ukraine's budget and defence needs. Russia is not happy about this.
This whole situation raises questions about who gets to decide how the money is used. Should it only go to Ukrainian victims, or should it help Russians too? And why is it taking so long to sort out? One thing is clear: someone needs to make a decision soon.
https://localnews.ai/article/abramovichs-billion-dollar-standoff-who-gets-the-money-f3264a95
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