Written Question·Treasury·UIN 33882
Assets and Bank Services: Russia
Tabled: 26 February 2025
Answered: 3 March 2025
Question
Jim Shannon
Democratic Unionist Party — Strangford
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
Emma ReynoldsThe 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 ...
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