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Britain Says It Has Frozen $20.5 Billion Worth Of Russian Assets


Squatters occupy a London mansion reported to belong to Russian billionaire Oleg Deripaska in March.
Squatters occupy a London mansion reported to belong to Russian billionaire Oleg Deripaska in March.

The British government says it has frozen assets together worth 18 billion pounds ($20.5 billion) held by Russian oligarchs, other individuals, and entities under sanctions for Moscow's invasion of Ukraine. The frozen Russian assets were 6 billion pounds ($6.8 billion) more than the amount reported across all other British sanctions regimes. Britain has so far placed sanctions on more than 1,200 individuals and more than 120 entities in Russia, including targeting high-profile businessmen and companies to prominent politicians. To read the original story by Reuters, click here.

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