Russia: Freezing of Assets
The question
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, if he will take steps to seize further Russian assets in the UK.
Answered by Stephen Doughty
The Government is firmly committed to ensuring Russia pays for the damage it has caused and is causing in Ukraine. We have already made progress using sanctioned Russian assets to support Ukraine. Over half of the UK's £2.26 billion contribution to the G7's Extraordinary Revenue Acceleration scheme has now been disbursed to Ukraine, strengthening their defence capabilities in the face of Russian aggression. That contribution will be repaid by the profits generated on sanctioned Russian assets. We are working urgently with partners to explore all legal avenues to go further.
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