Britain freezes $18 billion in Russian assets

The British government said it has frozen £18 billion of assets belonging to the Russian oligarchs and individuals and entities sanctioned against Moscow over the war in Ukraine.

The frozen Russian assets were 6 billion more than the value declared by all other British sanctions regimes.

“We have imposed the harshest sanctions on Russia and they are crippling their war machine,” said Secretary of State in the Treasury Andrew Griffiths, “and our message is clear: We will not allow Putin to win this brutal war.”