The UK government has said that “new figures” show that its sanctions on Russia have led to £18bn being frozen and reported to the Office of Financial Sanctions Implementation (‘OFSI’). This, it said, “is around £6 billion more than held across all other UK sanctions regimes.”
A UK government minister said that the cumulative sanctions are having “a major impact on the Russian military complex – vital semiconductors are now being scavenged from fridges and soviet-era equipment is being sent to t...
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