Lawyers representing Roman Abramovich sent a letter to UK Prime Minister Keir Starmer. They asserted that the £2.35 billion from the 2022 Chelsea FC sale belonged entirely to Abramovich. The correspondence emphasized readiness to contest any seizure attempts.
Abramovich sold Chelsea FC amid sanctions linked to Russia’s invasion of Ukraine. The proceeds, plus £150 million in interest, sat frozen in a UK bank account of Fordstam Limited, Abramovich’s company. He pledged the funds for humanitarian aid in Ukraine, but disputes delayed distribution.
Starmer issued an ultimatum in December 2025. He demanded Abramovich release the money for Ukraine victims. Starmer stated, “The clock is ticking. Honour the commitment that you made and pay up now. If you don’t, we’re prepared to go to court so every penny reaches those whose lives have been torn apart by Putin’s illegal war.”
The lawyers’ letter reiterated ownership. They wrote, “It is important to emphasise that the funds although currently frozen remain the property of Fordstam Limited, which is wholly owned by Mr Abramovich.” Additionally, they affirmed Abramovich’s commitment to charitable use, but opposed redirection under pressure.
This development escalated tensions. Observers noted possible court battles ahead. The standoff highlighted challenges in handling sanctioned assets for aid. Meanwhile Ukraine victims awaited resolution as funds remained locked.
