💰 Britain has frozen 18 billion pounds worth of Russian assets

TL;DR

- Summary- Russia passes Libya and Iran as top target of UK sanctions- UK says sanctions are hurting Russia's military- Russia 'using chips in kitchen appliances for tanks'- UK government has reported 236 sanction breachesLONDON, Nov 10 (Reuters) - The British government said on Thursday it had frozen assets worth more than 18 billion pounds ($20.5 billion) held by Russian oligarchs, other individuals and businesses sanctioned over Moscow's invasion of Ukraine.Russian billionaire Roman Abramovich and businessman Mikhail Fridman are among those sanctioned this year, along with President Vladimir Putin, his family and military commanders.The European Union, a 27-nation bloc with an economy five times larger, said in July it had frozen 13.8 billion euros ($13.83 billion) of Russian assets over the war in Ukraine.Western sanctions on Russia mean a depletion of stockpiled parts for the automotive industry, with new cars such as the latest Lada model being produced without airbags or anti-lock brakes, officials said.Longer-term, Russia is suffering a brain drain and a lack of access to critical technologies, with 75% of companies reducing operations and 25% leaving the country entirely, officials said."

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