Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what the total value of assets frozen under the UK's Russian sanctions regime is since Russia's renewed invasion of Ukraine on 24 February 2022.

Relevant firms are legally obliged to report to the Office of Financial Sanctions Implementation (OFSI) if they hold frozen assets of a designated person or entity they suspect to be on the list of asset freeze targets. OFSI is currently receiving a high volume of reporting about assets being frozen relating to sanctions imposed since Russia's invasion of Ukraine. This information is being collated and assured. Fuller details will be released in due course and will mark a substantial increase on previous assets reported as frozen under Russia sanctions.