Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Palestinian Ministry of Health: Two were martyred in Israeli shelling that targeted a besieged house in the town of Qabatiya in Jenin
At least 68 dead in migrant shipwreck off Yemen: IOM
Trump: We want to feed the people in Gaza, we do not want them to starve.
US President Donald Trump: We will impose sanctions on Russia if it does not end the war on Ukraine.
Israeli media: Polls show that 52% oppose Prime Minister Benjamin Netanyahu while only 29% support him.
Israeli media: 32% of Americans still support "Israel's" war on Hamas, while 60% oppose it.
Israeli media: Core US support for "Israel" hits its lowest, while support for Palestine reaches its highest levels.
Al Mayadeen's correspondent reports martyrs, injuries in Israeli bombardment of home in Heker al-Jame area in Deir al-Balah, central Gaza.
Al-Quds Governorate: Today, the spatial division of Al-Aqsa Mosque began in a public and dangerous manner, and we warn of a religious war in the region
The Ministry of Health in Gaza: This brings the total number of victims of famine and malnutrition to 175, including 93 children

UK froze $21Bln in Russian assets since February – Treasury

  • By Al Mayadeen English
  • Source: Agencies
  • 10 Nov 2022 16:58
  • 1 Shares
2 Min Read

The Treasury’s Office of Financial Sanctions Implementation (OFSI) publishes its annual review on Thursday and says the United Kingdom has frozen $21 billion in Russian assets since February.

  • x
  • UK's Treasury
    UK's Treasury

Between February and October, the United Kingdom has frozen 18.39 billion pounds ($21 billion) in Russian assets in response to the Ukrainian war, the Treasury’s Office of Financial Sanctions Implementation (OFSI) wrote in its annual review published on Thursday. 
 
"From 22 February to 20 October 2022, a total of £18.39 billion in frozen funds were reported to OFSI as being held by or on behalf of persons designated under the Russia sanctions regime," the OFSI said.
 
This represents a significant increase since September 2021 when the amount of frozen Russian assets was evaluated at 44.5 million pounds. 
 
OFSI said it had also added 1,271 Russians to the consolidated list of designated Russian individuals from February 22 to August 24. Only 11 individuals were removed from the sanctions list during the same period.

Following the start of the war in Ukraine, Western countries imposed various forms of sanctions on Russia from a ban on Russian gold to removing its banks from the international SWIFT monetary system, although the decision to freeze around half of Russia's foreign assets - nearly $300 billion - has been deemed a step too far by many political leaders and analysts.

Related News

Orban threatens to veto Russia sanctions over gas transit: Bloomberg

US to ban Russian cybersecurity software over 'national security'

In June, Russian Security Council Deputy Secretary Alexander Venediktov deemed the freeze of Russian assets to be one of the greatest thefts in history.

The Russian official also warned that the West's decision could lead to the collapse of the international Bretton Woods system of monetary management.

Last month, a spokesman for the Swiss Federal Department of Economic Affairs, Education and Research, Fabian Maienfisch, told reporters that Switzerland disapproved of Ukraine's President Volodymyr Zelensky's proposal to transfer frozen Russian assets to Ukraine.

  • United Kingdom
  • Russia
  • Russian sanctions
  • Russian assets

Most Read

A rescued crew member from the ETERNITY C vessel in a video released by the Yemeni Armed Forces on July 28, 2025 (Yemeni Military Media)

Yemen Navy reveals fate of targeted Eternity C ship crew

  • Politics
  • 28 Jul 2025
An Israeli tank explodes following an ambush by al-Qassam Brigades in Gaza, Occupied Palestine, undated (Al-Qassam Military Media)

Al-Qassam strikes Israeli vehicles in Gaza, inflicts casualties

  • Politics
  • 30 Jul 2025
UAE lodges complaint against Israeli ambassador over 'misbehavior'

UAE lodges complaint against Israeli ambassador over 'misbehavior'

  • Politics
  • 1 Aug 2025
Protesters chant anti-Israeli slogans as they carry a banner that reads:" Freedom for Palestine, Alliance stop the war," during a demonstration in support of Palestinians in Gaza, outside the Israeli embassy, in Athens, Monday, June 9, 2025 (AP)

Athens mayor slams Israeli ambassador over Gaza war, graffiti claim

  • Politics
  • 3 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
A member of the al-Qassam Brigades, the armed wing of Hamas, takes part in a parade as he celebrates a ceasefire agreement between Hamas and the Israeli regime in Deir al-Balah, Gaza Strip, Sunday, January 19, 2025 (AP)
Politics

Al-Qassam: We’ll allow aid to Israeli captives if Gaza siege ends

Freed Lebanese freedom fighter Georges Abdallah during an interview on Al Mayadeen, which aired on Sunday, August 3, 2025 (Al Mayadeen screengrab)
Politics

Exclusive: Resistance key to building state, Georges Abdallah says

United Nations Secretary General Antonio Guterres gives a statement about the situation in Gaza at UN headquarters, Friday, June 27, 2025 (AP)
Politics

UN warns Gaza faces water crisis, looming famine under Israeli siege

Israeli soldiers drive their armored personnel carrier along the Gaza Strip, in southern occupied Palestine, Wednesday, July 30, 2025 (AP)
Politics

Ex-Israeli general says Gaza starvation campaign isolated 'Israel'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS