UK Freezes £25 Billion in Russian Assets After Ukraine Invasion

The UK currently holds £25 billion in frozen Russian assets, reflecting a 10% increase of £2.3 billion over the past year. These funds are part of broader European sanctions imposed after Russia's 2022 invasion of Ukraine, with similar measures implemented by France and Spain. British MPs are advocating for the use of these frozen assets to support Ukraine, aligning with the G7's agreement to utilize asset profits for a €50 billion loan to the country. However, legal challenges from Russian asset holders through politicized courts pose potential risks.