Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether the interest accrued on the frozen proceeds from the sale of Chelsea Football Club is intended to benefit any future foundation established to support victims of the war in Ukraine.

The Government is determined to see the full proceeds from the sale of Chelsea Football Club reach humanitarian causes in Ukraine, following Russia’s illegal full-scale invasion. We are deeply frustrated that it has not been possible to reach agreement on this with Mr Abramovich so far.

While the door for negotiations will remain open, we are fully prepared to pursue this through the courts if required, to ensure people suffering in Ukraine can benefit from these proceeds as soon as possible.