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UK freezes $20.5 billion worth of Russian assets

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Britain has frozen assets owned by Russian oligarchs, other individuals and entities sanctioned for Moscow's full-scale invasion of Ukraine that together account for $20.5 billion, the U.K. government wrote on Nov. 10.

"Our message is clear: We will not allow Putin to succeed in this brutal war," said the Economic Secretary to the Treasury, Andrew Griffith.

Russia has become Britain's most-sanctioned nation, leaving behind Libya and Iran, according to the Office of Financial Sanctions Implementation.

Since Russia started its all-out war against Ukraine on Feb. 24, the U.K. has sanctioned over 1,200 individuals and 120 entities in Russia, including high-profile businesspeople, companies, and major politicians, the U.K. government wrote.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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