Russian billionaire Mikhail
Fridman said on Tuesday Britain s sanctions office wrongly
stopped him spending thousands of pounds a month on the upkeep
of his multimillion-pound London mansion. -October 17, 2023 at 07:51 am EDT
- MarketScreener
Sanctioned Russian-Israeli billionaire Mikhail Fridman will challenge the UK Government after he was denied permission to spend £30,000 a month to cover the running costs of mansion Athlone House.
The £2.3billion ($2.8bn) generated from the sale of Chelsea last year is still frozen in a UK bank account despite promises to deliver it to Ukraine war victims.
The Athletic can reveal the licence granted by the UK government setting out the next stage in this process has a deadline of November 30, although this has been extended by joint agreement in the past and is likely to be extended yet again.
Former Chelsea owner Roman Abramovich was sanctioned by the UK government in March 2022 for links to the Russian government and was forced to sell the Premier League club with the money.