Freezing of Assets: Russia

(asked on 17th December 2025) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent steps she has taken to seize frozen Russian assets and use them to resource Ukraine.


Answered by
Lucy Rigby Portrait
Lucy Rigby
Economic Secretary (HM Treasury)
This question was answered on 6th January 2026

The Government remains determined to ensure Russia is held accountable for the damage it has caused, and continues to cause, in Ukraine.

We will continue work and coordinate with G7 and EU partners to ensure that Ukraine gets the funding it needs, ensuring any options developed by the Government are in line with international law.

We continue to pledge that Russia's sovereign assets will remain immobilised until they cease the war and pay compensation to Ukraine.

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