Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate the Office of Financial Sanctions has made of the aggregate value of Libyan frozen funds held by UK institutions in the past 10 years.

Since its establishment in 2016, the Office of Financial Sanctions Implementation (OFSI) has undertaken an annual frozen asset review, requiring all persons or institutions that hold or control frozen assets in the UK to report to OFSI, from which the following figures are taken.

The figures are each an approximate total value of frozen Libyan assets in the UK. The figures for the 2020 Frozen Asset Review are still being finalised, and will be published in OFSI’s Annual Review later this year.

September 2017 £12.061 billion

September 2018 £11.222 billion

September 2019 £11.809 billion