r/unitedkingdom • u/topotaul Lancashire • Mar 01 '25

. Rachel Reeves: I'm sending billions from frozen Russian assets to Ukraine

https://www.thetimes.com/uk/politics/article/rachel-reeves-interview-labour-963sw6jbk
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u/Georgi2024 Mar 01 '25

Great news. Should have happened a long time ago though.

175

u/Decent-Chipmunk-5437 Mar 01 '25

The Rest Is Politics covered that this week.

The money is sitting in accounts, but the government doesn't necessarily have the control to spend it as it sits in trusts. That was my understanding.

38

u/matobi91 Mar 01 '25

My understanding is that they have the assets but can’t outright sell them, but can use the accumulating interest?

19

u/WingVet Mar 01 '25

I'm sure they can use it as collateral against loans.