A BBC News article reports on the delay in releasing funds from the sale of Chelsea FC to support Ukraine. The report mentions that a House of Lords committee last year criticized the government’s failure to release the funds, calling it “incomprehensible”. The article also notes that western countries are using the interest on frozen Russian assets to help Ukraine and there is talk of seizing them.
The article quotes an FCDO spokesperson saying that the government is working hard to ensure the proceeds from the sale of Chelsea FC reach humanitarian causes in Ukraine as quickly as possible. However, it also mentions that the release of funds is being delayed due to disagreements over how they should be managed and distributed.
The article includes links to other BBC articles related to the topic, including one about Chelsea’s £4.25bn takeover completion and another about the war in Ukraine.
