• AutoTL;DRB
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    18 months ago

    This is the best summary I could come up with:


    U.K. lawmakers expressed frustration Wednesday that funds from the sale of the Chelsea soccer club have not yet gone to support Ukrainian war victims as had been promised nearly two years ago by the former owner, Russian billionaire Roman Abramovich.

    “We are all completely baffled and frustrated that it has taken so long,” said Lord Peter Ricketts, chair of the European Affairs Committee in the upper chamber of the U.K. parliament, which produced the report.

    A former chief executive of Unicef UK, Mike Penrose, who was appointed to head the foundation that will control the funds when it is agreed they can be unfrozen, told The Associated Press that use of the money in Russian-occupied areas of Ukraine would not be permitted because it would contravene existing sanctions.

    “Of the high-profile oligarchs, Abramovich is the one who, over the last two years, has managed to successfully keep a foot in both camps,” said Tom Keatinge, director of the Centre for Financial Crime and Security Studies at the Royal United Services Institute in London.

    Keatinge suggested that Abramovich might shy away from any arrangement in which all of the Chelsea funds are spent in territory controlled by the Ukrainian government — as opposed to humanitarian projects elsewhere — because that might put him in “conflict” with the Kremlin.

    In the report Wednesday, the U.K. lawmakers also recommended that the U.K government consider introducing a process for reviewing sanctions on individuals if they meet certain conditions, such as providing support for reconstruction of Ukraine.


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