Question to the HM Treasury:

To ask the Chancellor of the Exchequer, the total sum of assets frozen under the Myanmar sanctions regime.

The Office of Financial Sanctions Implementation (OFSI) undertakes an annual review of assets frozen as a result of UK financial sanctions, requiring all persons or institutions that hold or control frozen assets in the UK to report to OFSI.

Details of assets reported to OFSI as part of the 2021 frozen asset review were published in OFSI’s 2021-2022 Annual Review. As of September 2021, £12.4 billion of frozen funds across all regimes were reported to be held by UK institutions. The value of assets held in relation to the Myanmar regime is aggregated under ‘Others’ so as not to disclose the value of funds held by particular individuals.

Details of assets reported to OFSI in 2022 will be published in OFSI’s 2022-2023 Annual Review, in Autumn 2023.