The United Kingdom froze assets of Russian oligarchs for 20,800 million dollars since the beginning of the invasion of Ukraine

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London has sanctioned more than 1,200 people and 120 entities and frozen the assets of 19 Russian banks between February 22 and October 20< /h2>

The United Kingdom froze assets of Russian oligarchs for 20.8 billion dollars since the beginning of the invasion of Ukraine

Roman Abramovich, the most famous Russian oligarch among those who had their residence in the United Kingdom (REUTERS/Andrew Winning/archive)

The Government of the United Kingdom has frozen Russian assets worth 18.39 billion pounds (about 21 billion euros) through sanctions imposed between February 22 and October 20, the said on Thursday.Office of Financial Sanctions Implementation (OFSI).

In its annual report, OFSI, attached to the Department of the Treasury, indicates that the volume of these sanctions is 6,000 million pounds (6,855 million euros) higher than any other sanctioning regime applied by this country.

In a statement, the Treasury declares that this demonstrates “the key role that the United Kingdom has played in confronting Russia after its illegal invasion of Ukraine”, which began on February 24.

In coordinated actions with its international allies, the United Kingdom has sanctioned more than 1,200 people and 120 entities and has frozen the assets of 19 Russian banks, the note indicates.

The British Government maintains that, with these measures, it has managed to harm the Russian war machine, by hitting its economy.

The United Kingdom froze assets of Russian oligarchs for 20.8 billion dollars since the beginning of the invasion of Ukraine

The 465-foot superyacht “Nord,” owned by sanctioned Russian oligarch Alexey Mordashov, docked in Hong Kong (REUTERS/Tyrone Siu)

Thus, he points out, the Russian gross domestic product (GDP) is expected to decrease by up to 6.2% in 2022 compared to pre-invasion forecasts, and by 2 .3% more in 2023.

60% of Russia's foreign exchange reserves have been frozen, Russia's exports have plummeted and imports of critical goods for the Russian state have been reduced by 68% due to the acts of the countries issuing the sanctions, says London.

The economic secretary The Treasury, Andrew Griffith, affirms in the statement that, “as a staunch defender of democracy”, the United Kingdom, together with its partners, has imposed “the most severe sanctions” faced by Russia.< /p>

“Our message is clear: we will not allow (Russian President Vladimir) Putin to triumph in this brutal war,” he declares.

(With information from EFE)

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