00:00The United Kingdom issued a license to allow the funds from the sale of Chelsea football club to
00:07be transferred to humanitarian causes in Ukraine. Russian oligarch Roman Abramovich sold Chelsea in
00:132022 under pressure from the British government. The funds from the sale have since then been
00:18frozen. UK's Prime Minister Keir Starmer is now allowing him to use the money but only to help
00:25Ukraine. Under the new license, proceeds must be directed to humanitarian causes in Ukraine but
00:32future gains may be spent more broadly on victims of conflicts worldwide. The UK sanctioned Abramovich
00:40in a crackdown on Russian oligarchs after Russia's full-scale invasion of Ukraine in 2022 which had
00:47triggered the rushed sale of the English Premier League football club. The UK government has now
00:53promised to establish a foundation to disperse the funds headed by the former head of UNICEF UK.
