Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what the value is of the frozen assets of the Russian Central Bank in the UK.

In conjunction with our partners, we have blocked access to 60% of the Russian Central Bank’s foreign currency reserves globally. Under the Russia sanctions regime, the Russian Central Bank’s assets are not subject to an asset freeze but have been immobilised in the UK as a result of a prohibition on the provision of financial services in respect of these assets. HMT is working closely with relevant authorities to map where these assets are held in the UK.