Latest UK Imposed Sanctions on Russia Freeze Assets Worth $20.5 Billion

by Chris Black

Just when you thought sanctions had peaked with peak sanctions…

…more sanctions!


We are primarily funded by readers. Please subscribe and donate to support us!

The British government said on Thursday that it had frozen assets together worth 18 billion pounds ($20.5 billion) held by Russian oligarchs, other individuals and entities sanctioned for Moscow’s invasion of Ukraine.

Russia has passed Libya and Iran to become Britain’s most-sanctioned nation, according to the Office of Financial Sanctions Implementation, part of the finance ministry.

The frozen Russian assets were 6 billion pounds more than the amount reported across all other British sanctions regimes.

We have imposed the most severe sanctions ever on Russia and it is crippling their war machine,” said Andrew Griffith, a junior government minister in the Treasury. “Our message is clear: we will not allow Putin to succeed in this brutal war.”


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.