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2025-12-12 06:42:49
[British Banks Oppose Transfer of Frozen Russian Assets, Fearing Lack of Government Compensation Guarantee] 1. Several British banks have recently expressed opposition to the government's plan to transfer approximately £8 billion (US$10.6 billion) worth of frozen Russian assets to Ukraine. This opposition stems primarily from the British government's failure to commit to providing compensation to the banks should Russia take retaliatory measures. 2. Reports indicate that banks believe they will face direct risks if Russia pursues the assets through legal means or takes retaliatory financial measures. Due to the lack of a clear government guarantee of compensation, the banking sector is generally cautious about this asset transfer plan. Currently, this disagreement may affect the progress of the UK's use of frozen Russian assets to aid Ukraine.
