New Delhi, Dec. 18 -- Russian billionaire Roman Abramovich has been given a final chance to turn over the 2.5 billion pounds ($3.25 billion) that he promised to give victims of Russia's war in Ukraine from the sale of Premier League club Chelsea, the British government said Wednesday.

Abramovich was forced to sell the club after being sanctioned by the U.K. for his connection to Russian President Vladimir Putin, following Moscow's full-scale invasion of Ukraine. Before the sale in 2022, Abramovich said that he would set up a war victims' charity, but hasn't followed through.

"The clock is ticking on Roman Abramovich to honor the commitment he made when Chelsea FC was sold," Prime Minister Keir Starmer said. "This government is prepared ...