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.