Future Of British Business
UK Has Frozen Over £18 Billion in Russian Assets Over Sanctions
- Around 1,200 people and 120 businesses targetted by regime
- UK’s OFSI publishes annual sanctions report on Thursday
The Office of Financial Sanctions Implementation is part of the UK’s HM Treasury.
Photographer: Luke MacGregor/Bloomberg
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The UK has frozen a total of £18.4 billion ($20.9 billion) in Russian assets since severe sanctions were imposed on the country after it invaded Ukraine.
The Office of Financial Sanctions Implementation said Thursday that represents about £6 billion more than held against all other sanctioned regimes. In conjunction with its allies, the UK has penalized over 1,200 people and 120 businesses, it said in its annual review.