Chelsea’s bank account has been temporarily suspended by Barclays Bank, in yet another bold move in the aftermath of Russia’s invasion of Ukraine and the UK government’s subsequent sanction of Russian oligarch Roman Abramovich.
According to SkyNews, the suspension is due to the bank’s need for time to evaluate the license Chelsea has been granted to continue football-related activities.
Chelsea’s business credit cards have also been temporarily revoked
The club expressed hope that the suspension would be lifted soon in a statement released on Friday.
After Abramovich had “his assets frozen, a prohibition on transactions with UK individuals and businesses, a travel ban, and transport sanctions” imposed on him, the UK government granted Chelsea permission to continue with football-related activities on Thursday, March 10.
The sanctions are designed to prevent the 55-year-old from earning any money in the United Kingdom, but the government has granted Chelsea a special license that allows fixtures to be fulfilled, employees to be paid, and existing ticket holders to attend matches.
However, due to the sanctions, Chelsea is unable to offer new contracts to players or staff, conduct any transfer business, or sell new match tickets.