The British capital’s mayor, Sadiq Khan, has sent a letter to Regional Development Minister Michael Gove calling for the seizure of £1.1 billion ($1.4 billion) worth of properties in London from Russian businessmen. This was reported by a British radio station LBC
According to radio station LBC, the mayor then proposes to sell these assets and use the funds to build 4 thousand houses for socially vulnerable groups, including Ukrainian refugees.
New Town Hall analysis shows that if the £1.1bn worth of property Transparency International found was bought by Russians accused of corruption or linked to the Kremlin could be sold in 2022, it would provide sufficient funds for more than 4,000 poor citizens.” said.
He expressed support for creating a registry for foreign entities, but also acknowledged the need for greater transparency to prevent financial crimes and tax evasion.
Before this, Biden at the G7 summit raised Question on the use of Russian assets
banks before requested Approval of legal norms before seizure of Russian assets.