Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, whether she has made a recent estimate of the value of Russian owned assets held in the Overseas Territories.

The Overseas Territories (OTs) stand with the UK in condemning Russian aggression in Ukraine. The OTs have committed to implement UK sanctions in full. The Governments of the Territories take seriously their responsibility for the implementation and enforcement of sanctions within their jurisdictions. The Territories have frozen assets worth approximately US $9 billion. OT Governments have informed us that the vast majority of these assets belong to persons designated under the Russia sanctions regime.