The UK government has indicated that it might take legal action against sanctioned Russian billionaire Roman Abramovich in order to access the funds from the 2022 sale of Chelsea Football Club, aiming to redirect these proceeds towards humanitarian efforts in Ukraine.

In May 2022, Abramovich sold Chelsea for a record-breaking £2.5 billion ($3.2 billion) following sanctions imposed due to Russia’s large-scale invasion of Ukraine. The UK authorities assured that the funds would be allocated solely for humanitarian initiatives in Ukraine.

Emma Reynolds, the Economic Secretary, expressed her disappointment on Monday regarding the lack of progress in reaching an agreement with Abramovich, while responding to a question in Parliament.

“Although we are keeping the lines of negotiation open, we are fully prepared to take this issue to court if necessary, to ensure that those suffering in Ukraine receive support from these funds as quickly as possible,” she stated.

According to a report by Reuters on Tuesday, Abramovich desires for the funds to aid “all victims of the war,” a dispute that has resulted in the funds being held in a British bank account.

In 2023, the interim leader of a foundation established to allocate the funds announced plans to support medical, educational, and housing programs for Ukrainians. However, the money remains inaccessible due to delays and the need for political approvals in both the UK and EU.

Bloomberg had previously reported that the foundation’s application for a license was undergoing an extensive review by British authorities due to potential sanctions concerns.

In 2003, Abramovich acquired Chelsea for approximately £140 million ($233 million at that time) and made significant investments in the club, which secured 18 major trophies during his tenure.

The former oil and metals tycoon is estimated to have a net worth of $8.08 billion.