Thursday 10 November 2022 10:53 AM Britain has now frozen more than £18 BILLION of Russian assets trends now
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British has now frozen more than £18billion of Russian assets since the start of Vladimir Putin's barbaric invasion of Ukraine, a new report has revealed.
The body responsible for Britain's sanctions regime hailed the 'unprecedented size, scale and complexity' of the action since the Russian President launched his assault.
The Office of Financial Sanctions Implementation's annual review said the measures taken against the Kremlin had led to the 'most stringent financial sanctions in history'.
As well as the £18billion of Russian assets reported as frozen to the OFSI - which has doubled its number of staff this year - the Government said more than 1,200 individuals and 120 entities had been designated since the start of Mr Putin's invasion.
Action has also been taken against 19 Russian banks with global assets of £940billion.
The economic impact of the sanctions is predicted to cause a 6.2 per cent hit to
