Britain freezes 18 billion pounds worth of Russian assets.
Britain freezes 18 billion pounds worth of Russian assets.

The British government announced on Thursday that it has frozen assets held by Russian oligarchs, other people and organizations sanctioned for Moscow’s invasion of Ukraine, totaling 18 billion pounds ($20.5 billion).

According to the Office of Financial Sanctions Implementation, a division of the finance ministry, Russia is now the country that Britain has sanctioned the most, surpassing Iran and Libya.

The amount declared for all other British sanctions regimes was 6 billion pounds less than the amount of blocked Russian assets.

According to Andrew Griffith, a junior government minister in charge of the Treasury, “We have imposed the most punitive sanctions on Russia ever, and it is damaging their military machine.” “Our message is clear: We won’t let Putin win this vicious war,”

Britain has so far imposed sanctions on more than 1,200 people and more than 120 organizations in Russia, ranging from well-known businesses and corporations to important politicians.

On February 24, the day Moscow sent soldiers into Ukraine, the government started enforcing travel restrictions, asset freezes, and other penalties.