Following sanctions and other restrictions imposed on Mr Abramovich by the UK since announcing that the Club would be sold, the loan has also become subject to EU sanctions, requiring additional approvals. That means that the funds will be frozen and subject to a legal procedure governed by authorities. These funds are still earmarked for the Foundation. The Government are aware of these restrictions as well as the legal implications
Mostly curious as to how does the EU come into it. Is the company owed the debt registered outside the UK and was that always the case.
I think itās also hinting at nothing being agreed to by him until the authorities all agree about where the money will go. Which could obviously be problematic.