Freezing of Assets: Russia
Commons · Question 12845 · Tabled 5 Nov 2024 · Treasury · Official record
Answered 11 Nov 2024
Question
Asked by Calum Miller
To ask the Chancellor of the Exchequer, what estimate she has made of the amount of Russian assets held by sanctioned individuals in the UK; and how much and what proportion of those assets have been recovered.
Answer
Answered by Tulip Siddiq, 11 Nov 2024
The Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, announced in December that £22.7 billion in Russian Assets has been reported as frozen as of October 2023. This figure is provided in aggregate so as not to disclose the value o...