Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the change in the estimated worth of the frozen assets of the previous Libyan regime between 2011 and 2025.

The Office of Financial Sanctions Implementation (OFSI), part of HM Treasury published in its 2023-2024 Annual Review that £13.4 billion in assets relating to the Libya sanctions regime have been reported as frozen as of September 2023. This is an aggregated total of all entities and individuals listed on the Consolidated List of Financial Sanctions Targets. OFSI does not hold a comparable figure for 2011.

OFSI’s next Annual Review is due to be published later in 2025.