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The Guardian - UK
The Guardian - UK
Politics
Kalyeena Makortoff and Graeme Wearden

MPs urged to change law so frozen Russian assets can help aid Ukraine

The US-born financier Bill Browder
Bill Browder said up to $300bn could be unlocked for Ukraine’s war effort if western allies tapped into assets frozen in response to the Russian invasion. Photograph: Tolga Akmen/AFP/Getty Images

The Kremlin critic and anti-corruption campaigner Bill Browder has urged MPs to introduce a US-style law that would allow the government to confiscate frozen Russian assets to support military efforts in Ukraine.

Browder, who became a prominent campaigner after his lawyer, Sergei Magnitsky, died in custody in Russia in 2009, told the UK’s Treasury committee that passing laws similar to Washington’s could “change the whole nature of the war”, and help shift the burden from taxpayers to businesses and individuals subject to sanctions.

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