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The £2.5billion promised to Ukrainian war victims following the sale of Chelsea remains stuck in a bank account, with fears growing that it may take years - and even an act of Parliament - before funds can be released.
As part of the forced transaction which took the Stamford Bridge club out of Roman Abramovich’s hands and into the control of a US-based consortium two years ago following Russia’s invasion of its neighbour, the staggering sum was set aside for victims of the conflict.
However, Mail Sport understands that it remains in a London bank account, albeit gathering ‘sizeable’ interest.
One of the main issues has been over where funds will be diverted.
Earlier this week foreign secretary David Cameron told the House of Lords of an ‘immensely frustrating situation’. He highlighted a disagreement over whether all the money goes to Ukraine or other countries, not including Russia or Belarus, that have suffered as a result of the war.
The £2.5bn promised to Ukrainian war victims following Roman Abramovich's sale of Chelsea remains stuck in a bank account, with fears growing that it make take years to be released
Todd Boehly's US consortium took control of Chelsea in 2022 after Russia's invasion of Ukraine
‘That is the difficulty with the people who set up this trust,’ Lord Cameron said. ‘We have to resolve that with the European Union and Portugal, where Abramovich has citizenship. We are working very hard
