Britain freezes $21 billion worth of Russian assets

The British government said on Thursday that it had frozen assets together worth 18 billion pounds ($20.5 billion) held by Russian oligarchs, other individuals and entities sanctioned for Moscow's invasion of Ukraine.

Report informs via Reuters that Russia has passed Libya and Iran to become Britain's most-sanctioned nation.

The frozen Russian assets were 6 billion pounds more than the amount reported across all other British sanctions regimes.

Britain has so far sanctioned more than 1,200 individuals and more than 120 entities in Russia, including targeting high-profile businessmen and companies to prominent politicians.