Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what is the total value of Russian state sovereign wealth that has been frozen as a result of the UK's sanctions.

As stated in OFSI’s most recent Annual Review published in November 2022, between February and October 2022, £18.39 billion in frozen funds were reported to the Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, in relation to persons designated under the Russia sanctions regime. This figure is provided in aggregate so as not to disclose the value of any funds held by particular individuals. HM Treasury does not break down reported assets in the manner requested.

An updated value of frozen assets reported to OFSI will be published later this year, in OFSI’s 2022-2023 Annual Review.