The Prime Minister has said Russian oligarch Roman Abramovich must “pay up now” to victims of the war in Ukraine or face court action.
Mr Abramovich, the former owner of Chelsea Football Club, pledged in 2022 that money from the sale of the club would go to benefit victims of the Russian invasion of Ukraine.
The money has been frozen in a British bank account since the sale after he was sanctioned following Russia’s invasion of Ukraine.
Speaking in the Commons, Sir Keir Starmer said the UK had issued a licence “to transfer £2.5bn from the sale of Chelsea Football Club that’s been frozen since 2022.”
