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<p>In a statement announcing the sale of Chelsea FC and in subsequent statements,
Mr Abramovich stated that a charitable foundation would be set up, where all net proceeds
from the sale would be donated. Humanitarian experts outside of Government are now
responsible for the highly complex process to establish this foundation to manage
and distribute the proceeds for humanitarian purposes in Ukraine. The proceeds are
currently frozen in a UK bank account. Any movement of the proceeds requires a licence
from the Office of Financial Sanctions Implementation.</p>
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