Assets and Bank Services: Russia
The question
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.
Answered by Emma Reynolds
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.
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