Assets and Bank Services: Russia
Commons · Question 33882 · Tabled 26 Feb 2025 · Treasury · Official record
Answered 3 Mar 2025
Question
Asked by Jim Shannon
To ask the Chancellor of the Exchequer, what estimate her Department has made of the amount of Russian assets in bank accounts in the UK.
Answer
Answered by Emma Reynolds, 3 Mar 2025
The Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, announced in December 2023 that £22.7 billion of Russian Assets had been reported as frozen since February 2022 as of October 2023. This figure is collated from a cumulation of ...