The club has been plunged into one of the biggest crises in its history, as the sanctions imposed on Abramovich over his ties to Vladimir Putin and the invasion of Ukraine have hamstrung them financially.
Chelsea have been issued a special licence to continue operating, but cannot sell or sign players, renew contracts, sell new tickets or merchandise, and have significantly reduced travel budgets and home match costs.
Negotiations are continuing over whether the club can be sold, as many prospective buyers continue to show significant interest.
Speaking ahead of Chelsea’s home tie against Newcastle on Sunday, Cech opened by offering his sympathies to the people of Ukraine.
‘Before I answer a question I would like to say it’s been devastating to watch what’s been happening in Ukraine, and of course our thoughts are with the victims of that situation,’ Cech told Sky Sports.
‘I hope the situation improves soon and people will stop suffering.’
Asked directly about whether Chelsea can finish the season, Cech replied: ‘We have to admit that we go day by day, because it’s not in our hands. The conversations are going on (so) that we can operate in a way that we can finish the season.
Read more: ‘We go day by day’: Chelsea technical director Petr Cech admits he DOESN’T KNOW whether the club can finish the season after sanctions against Roman Abramovich… but claims the Russian’s trophy-laden reign can’t be ‘erased’ from history