March 25, 2025
The cost of Russian assets frozen in Britain exceeds 25 billion pounds - government data thumbnail
Economy

The cost of Russian assets frozen in Britain exceeds 25 billion pounds – government data

In March 2024, 2 001 natural and legal entity came to the list of sanctions against Russia, according to the message”, – WRITE: www.radiosvoboda.org

The cost of Russian assets frozen thanks to the sanctions of the United Kingdom exceeded £ 25 billion – this is stated in a statement by the government of the country of March 21 with reference to the data of the Office of Financial Sanctions (OFSI).

According to the Government, 2 001 natural and legal entity came to the list of sanctions against Russia in March 2024.

“The sanctions imposed by the United Kingdom and its allies have significantly influenced the economy of Russia,” the statement said.

Read also: The EU promises to continue to equip Ukraine against the backdrop of ceasefire negotiations

The Britain’s government estimates that Russia will remain scarce until 2026. The press service indicates that Russia is lack of skilled workers, inflation is increasing, and high interest rates and economic isolation make loans expensive.

“The United Kingdom has frozen Russian assets worth £ 25 billion (29.7 billion euros – ed.) And, working with our allies, we have deprived Russia of more than $ 400 billion, which is equivalent to the four -year military expenditures of Russia. We will continue to strictly apply our financial sanctions as part of our broader response to Russia’s barbaric invasion of Ukraine, ”the Emma Reynolds Ministers said in a comment to the Ministers of Finance.

UK Foreign Minister David Lamma stated in parliament on March 17 that Seven Group countries plan further steps to increase pressure on Russia if it refuses to cease fire in Ukraine.

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