Chancellor Rachel Reeves and Foreign Secretary David Lammy are prepared to take legal action against Russian oligarch Roman Abramovich to secure the £2.5 billion proceeds from the sale of Chelsea FC, which remain frozen in a UK bank account. Sanctioned by the UK government due to alleged ties with Vladimir Putin, Abramovich sold the club in 2022 under the condition that the funds support humanitarian efforts in Ukraine. The government has expressed frustration over stalled negotiations with Abramovich, emphasizing its intent to ensure the proceeds benefit those affected by the war.
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