Assets and Bank Services: Russia
(asked on 26th February 2025) - View Source
Question to the HM Treasury:
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.
This question was answered on 3rd March 2025
The 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 various asset types, of which bank accounts form part, and is a cumulative total of assets reported.