Russian oligarch Roman Abramovich will donate 2.3 billion pounds ($2.8 billion) from the sale of Chelsea football club to a fund for Ukraine. However, the relevant decision must be approved by the European Union.
This is reported by The Telegraph.
The publication notes that the amount, which will be one of the largest charitable donations to war victims in history, could be transferred to an as yet unnamed fund within a few weeks.
The publication's government insiders report that the new fund is on the verge of receiving approval from the Charity Commission. However, they are also expected to get the final green light from Europe, as Abramovich is also under sanctions there.
Former Unicef UK chief executive Mike Penrose will lead the fund under a deal struck between the government and Abramovich when the deal to sell Chelsea was signed last May.
Details about the charity's board and projects will be presented in the next two weeks. It is believed that Penrose maintained constant contacts with the government and visited Ukraine during 2022.
It will be recalled that in March of last year it became known that Abramovich decided to sell the London football club "Chelsea" and transfer the proceeds to Ukraine.
In May 2022, the media reported that Abramovich had sold the club for $5.2 billion.