60 m. ago UK gives Abramovich final warning to transfer £2.5bn to Ukraine fund

Keir Starmer says oligarch must commit funds from sale of Chelsea football club or face court actionEurope live – latest updatesUK politics live – latest updatesThe UK has given its final warning to Roman Abramovich to release £2.5bn from the oligarch’s sale of Chelsea FC to give to Ukraine, telling the billionaire to release the funds within 90 days or face court action.Keir Starmer told the House of Commons the funds from Abramovich, who is subject to UK sanctions, would be converted into a new foundation for humanitarian causes in Ukraine and that the issuing of a licence for the transfer was the last chance Abramovich would have to comply. Continue reading...

Events

2 h. ago ‘Clock is ticking’: Starmer tells Roman Abramovich to transfer money from Chelsea sale to Ukraine fund

Sir Keir Starmer announced the move in PMQs with the Russian billionaire still holding on to the £2.5bn he received for the sale of the football club

Economics

3 h. ago Starmer moves to transfer £2.5bn from Abramovich’s Chelsea FC sale to Ukraine

Proceeds from sale of football club frozen in a UK bank after Russian oligarch hit with sanctions

Economics

3 h. ago UK to transfer £2.5billion from Abramovich's sale of Chelsea FC to Ukraine

Sir Keir Starmer warned the Russian billionaire oligarch to commit the funds or face legal action from the UK Government

Economics

3 h. ago Keir Starmer tells Roman Abramovich 'give up £2.5bn Chelsea cash or face court'

Keir Starmer has instructed Roman Abramovich to transfer £2.5bn from his sale of Chelsea FC to humanitarian causes in Ukraine or face court action

Economics

3 h. ago Keir Starmer issues ultimatum to Roman Abramovich over Chelsea sale cash

The UK is threatening legal action against Russian billionaire Roman Abramovich unless he hands over the proceeds of the sale of Chelsea FC to the Ukrainian people

Economics

3 h. ago UK will transfer £2.5bn of Abramovich cash to Ukraine fund, Starmer says

Prime minister says oligarch must commit funds from sale of London football club or face court actionEurope live – latest updatesUK politics live – latest updatesThe UK will formally issue instructions to transfer £2.5bn from Roman Abramovich’s sale of Chelsea FC to humanitarian causes in Ukraine, telling the billionaire to commit the funds or face court action.Keir Starmer told the House of Commons the funds from the oligarch, who is subject to UK sanctions, would be converted in to a new foundation for Ukraine and that the issuing of a licence for the transfer was the last chance Abromovich would have to comply before legal action was taken. Continue reading...

Economics

6 h. ago EU talks on using Russian assets to fund reparations loan for Ukraine enter final stages ahead of crunch meeting – Europe live

Negotiations among EU leaders continue ahead of critical European Council meeting in Brussels on ThursdayIf you want to test various scenarios ahead of tomorrow’s debate on Russian frozen assets, you can use this handy calculator to see what is needed to get the proposal passed under the so-called qualified majority vote, or QMV (expect to hear a lot about it in the next 48 hours).As we know, the opposition is led by Belgium and its outspoken prime minister Bart de Wever, with Bulgaria, Czech Republic, and Malta also against. Italy has some doubts too (at least for now?), and Hungary, traditionally, is against anything that would help Ukraine. Continue reading...

Politics

5 d. ago EU prepares to use £185 BILLION of frozen Russian assets to fund huge loan to Ukraine

The move would allow EU leaders to work out at a summit next week how to use the tens of billions of euros in Russian Central Bank assets to underwrite a huge loan to help Ukraine in the war.

Economics

7 d. ago European leaders agree to fund Ukraine for 2 years but using Russian assets poses a major test

European Union leaders have committed to funding Ukraine's economic and military needs for the next two years

Politics

1 week ago Inside the EU’s plan to use £80bn of Russia’s frozen assets to fund Ukraine’s war effort

Ukraine’s allies in Europe are trying to find support for harnessing frozen Russian assets again

Economics

1 week ago Inside the EU’s plan to use £80 billion of Russia’s frozen assets to fund Ukraine’s war effort

Ukraine’s allies in Europe are trying to find support for harnessing frozen Russian assets again

Economics

1 week ago Moscow says EU plan to freeze Russian assets would be considered an ‘act of war’

The EU has faced opposition from Belgium over its plan to fund Ukraine using €90bn of frozen Russian assets

Events

2 w. ago European Commission plans ‘reparations loan’ to Ukraine using frozen Russian assets

Leaders focus on bolstering Ukraine’s finances as US-Russia talks to end war make little progressThe European Commission will move ahead with controversial plans to fund Ukraine with a loan based on Russia’s frozen assets, but in a concession to concerns raised by Belgium, which hosts most of the assets, the EU executive has also proposed another option: an EU loan based on common borrowing.The European Commission president, Ursula von der Leyen, said on Wednesday the two proposals would ensure “Ukraine has the means to defend [itself] and take forward peace negotiations from a position of strength”. Continue reading...

Events

2 w. ago Nato ‘ready to do what it takes’ to protect Europe, as Russia denies rejecting Ukraine peace plan – Europe live

Mark Rutte’s response comes after Vladimir Putin’s comment that Russia was ‘ready’ for war with EuropeEuropean Commission president Ursula von der Leyen is now briefing the media after the commission’s weekly meeting, presenting the bloc’s plan to help fund Ukraine’s continuing fight against Russia.I will bring you the key lines here. Continue reading...

Politics

2 w. ago EU pushes ahead with plan to use frozen Russian assets for Ukraine as Moscow denies rejecting US peace plan

Kremlin says Putin did not reject peace plan but found some parts of the deal ‘unacceptable’European Commission president Ursula von der Leyen is now briefing the media after the commission’s weekly meeting, presenting the bloc’s plan to help fund Ukraine’s continuing fight against Russia.I will bring you the key lines here. Continue reading...

Politics

2 w. ago Brussels floats ‘emergency’ powers to raise €210bn from Russian assets

Contentious proposal to fund Ukraine would mark watershed moment for EU

Politics