UK may confiscate frozen Russian assets


July 4, Fineko/ The UK supports the confiscation of sanctioned Russian assets in favor of Ukraine and is currently working on this issue, ABC.AZ reports, citing British FM Liz Truss.

"I support this idea, and we are closely studying this issue. Canada has just passed a relevant law. We are working over this together with the Ministry of Internal Affairs and the Ministry of Finance, but I definitely support the idea. We just need to work out all the details of this issue well," Truss said.

She added that the British parliament "most likely" will need to adopt a new law that will allow the confiscation of frozen Russian assets.