RUSSIAN ASSETS FROZEN IN UK CROWN DEPENDENCIES AND OVERSEAS TERRITORIES

On 26 October, a post on the EU Sanctions blog reported on the House of Commons Foreign Affairs Committee having published the Government response to a June 2022 report.  This includes the detail that Overseas Territories have frozen Russian assets with a combined estimated value in excess of $9 billion, including $8.4 billion by the Cayman Islands and more than $400 million by the BVI.  Crown Dependencies have frozen assets worth over £1 billion, including £1.9 million by the Isle of Man, £5 million by Guernsey and £1.15 billion by Jersey.

https://www.europeansanctions.com/2022/10/uk-government-responds-to-committee-report-on-illicit-finance-russia-sanctions/

https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: