Freezing of Assets

Treasury written question – answered am ar 21 Chwefror 2024.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Viscount Waverley Viscount Waverley Crossbench

To ask His Majesty's Government what foreign state assets are currently frozen by the UK; and in each case, what is the (1) country, (2) value, and (3) reason.

Photo of Baroness Vere of Norbiton Baroness Vere of Norbiton The Parliamentary Secretary, HM Treasury

The Office of Financial Sanctions Implementation (OFSI) undertakes an annual review of frozen assets in the UK, requiring all persons or institutions that hold or control frozen assets in the UK to report to OFSI. As stated in OFSI’s most recent Annual Review published in December 2023, as of September 30th 2022 £21.6 billion in frozen funds were reported to OFSI. This figure is provided in aggregate so as not to disclose the value of any funds held by particular individuals. HM Treasury does not break down reported assets in the manner requested.

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