On 1 April, a research briefing from the House of Commons Library says that Russian investment in the UK totals tens of billions, but it is not clear exactly how much because of the difficulty in tracing the beneficial (ultimate) owners of some assets, including UK property. 24 Russian companies are listed on the London Stock Exchange, including gas giant Gazprom, oil company Rosneft, and Sberbank (Russia’s largest bank). It is estimated that £1.5 billion of UK property has been bought by Russians accused of corruption or links to the Russian Government, including £430 million of property in the City of Westminster alone.
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