Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what progress the Government has made on distribution of the proceeds of the sale of Chelsea Football Club.

The proceeds from the sale of Chelsea FC are frozen in a UK bank account. They cannot be moved or used without a licence from the Office of Financial Sanctions Implementation (OFSI). An independent foundation is being established by humanitarian experts outside the UK Government to manage and distribute the funds for humanitarian purposes in Ukraine. Once the foundation has been established, a licence application will need to be made to move the funds to the foundation. The Government will assess this application against the risks of sanctions circumvention.