The British Foreign Office called the condition for unfreezing the blocked assets of Russia

The condition for the lifting of British sanctions will be Russia's readiness to compensate Ukraine for the damage. London imposed sanctions on May 19against 86 Russian citizens and legal entitiesForeign Ministry buildingForeign Ministry buildingForeign Ministry buildingForeign Ministry buildingForeign Ministry buildingGreat Britain

Russia's sovereign assets will be frozen until Moscow agrees to pay for the damage that has been inflicted on Ukraine. This is stated in the statement of the British Foreign Office on the introduction of new restrictive measures, which is quoted on the website of the government of the country.

The Foreign Minister confirmed that Russia's sovereign assets will remain frozen until RUSSIA agrees to pay for the damage it has caused Ukraine.

On the morning of May 19, the UK announced new sanctions against 86 Russian citizens and companies.

The list, in particular, included five Russian banks - Dom.RF, the All-Russian Regional Development Bank, Metallinvestbank, Rosbank and Tinkoff Bank.

The restrictions affected the FESCO transport group, Pawell Shipping Co and the State Grain Operator, a state-owned company established in the Russian-controlled part of the Zaporozhye region, as well as nine organizations associated with Rosatom. Among them are the UMATEX company, which produces composite materials, as well as the Trinity enterprise, which develops laser systems.

Sanctions were also imposed against metallurgical enterprises: restrictive measures affected Severstal, Polyus and the Magnitogorsk Iron and Steel Works, personal sanctions were extended to the founder and HEAD of the board of directors of the Russian Copper Company Igor Altushkin. The UK has also banned imports of Russian aluminium, nickel and copper.

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Russian officials have repeatedly stated that they consider the sanctions imposed by Western countries against Russia after the start of Russia's special operation in Ukraine to harm them and have a negative impact on the global economy.

Western countries recognize that anti-Russian sanctions harm their own economy, among other things. So, in October 2022, the EU estimated the cost of trade restrictions at about €123 billion, follows from the materials of the European Commission. This is more than 40% of the total turnover of goods and services between Russia and the European Union in 2021.