Government Securities: Ukraine

Treasury written question – answered on 7 June 2022.

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Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The UK judiciary is independent of the UK government and will make this ruling based on the arguments made before it.

In response to Russia’s invasion of Ukraine we have announced an unprecedented package of sanctions to cut off the funding for Putin’s war machine.

Our sanctions are working, including those directed at the Central Bank of Russia and Russia’s foreign currency reserves, of which around 60% are frozen globally.

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