Treasury written question – answered at on 27 November 2025.
Iain Duncan Smith
Conservative, Chingford and Woodford Green
To ask the Chancellor of the exchequer, how many (a) properties and (b) other assets belonging to family members of Bashar al-Assad have been (i) seized and (ii) frozen under UK Government sanctions since March 2011.
Lucy Rigby
The Economic Secretary to the Treasury
The Office of Financial Sanctions Implementation (OFSI), part of HM Treasury published in its 2024-2025 Annual Review that £383 million in assets relating to the Syrian sanctions regime have been reported as frozen as of September 2024. This is an aggregated total of all entities and individuals listed on the Consolidated List of Financial Sanctions Targets. OFSI does not hold a comparable figure for 2011.
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The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
