Aid to Ukraine. Britain promised to unfreeze funds from the sale of Chelsea FC
news.online.ua
Mon, 10 Mar 2025 14:03:00 +0200
Britain promised new aid to Ukraine from frozen Russian assetsThe funds that the British government has frozen and wants to redirect to Ukraine have been sitting in the bank account of a special trust for two years, and negotiations about how exactly this money should be used are dragging on.
Im disappointed that it didnt happen, thats true and that the money needs to be distributed, it needs to be used.
David Lemmy He noted that he was moving to an actionoriented approach to try to break the impasse.Lemmy stressed that his first instinct is not to go to court because that path takes time.
However, informed sources say that going to court to resolve the issue is one of the options the minister is considering.Another option is to strike a deal with a trust that will be set up to manage the funds.
While Lemmy acknowledged that there are legal complexities surrounding the issue, he promised that everything would be done.
I am determined to see this money out the door and will do everything in my power to make it happen, the British Foreign Secretary said.
The UK governments position is that the money should be spent inside Ukraine, while the controversial fund, which includes former UNICEF UK executive director Mike Penrose, is insisting on flexibility to support refugees fleeing the war, sources familiar with the dispute told the publication.Recall that the Court of Justice of the European Union upheld the restrictive measures that the EU Council imposed against Russian oligarch Roman Abramovich after the start of Russias fullscale invasion of Ukraine.Abramovich was allowed to sell Chelsea on the condition that the money go to help victims of Russias war against Ukraine.
He sold the club to a consortium led by American investor Todd Bely in May 2022.
Latest news
more news