Chelsea posts big loss, blames Russia sanctions

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Chelsea posted an overall net loss of almost $149 million for 2021-22 due to 'extraordinary expenses and loss of revenue' after sanctions were imposed on previous owner Roman Abramovich, the English Premier League soccer club said on Monday.

In an interview with FRANCE 24, the president of Seychelles hailed the deal reached at the COP27 climate conference on a "loss and damage" fund for vulnerable nations as "good

news". Wavel Ramkalawan said that "loss and damage" had been a long-standing request of small island states like his, but added that the key now was implementation and funding.

 

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