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Iranian Frozen Assets
The Economic Secretary to the Treasury (Ian Pearson): The Foreign Secretary has previously provided figures for the total frozen assets in the UK under the sanctions against Burma and Zimbabwe. An aggregate figure for frozen assets is given in relation to a sanctions regime in order to ensure that principles of data protection and confidentiality are observed and the amount relating to any one individual or entity is not identifiable.
Total assets frozen in the UK under the sanctions against Iran
The total assets frozen in the UK under the EU and UN sanctions against Iran are approximately £976,110,000. This figure is the total reported frozen assets at the time sanctions were imposed and has been converted to sterling from the currencies in which it was reported using the appropriate exchange rate for the day on which it was reported.
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Parliamentary material is reproduced with the permission of the Controller of HMSO on behalf of Parliament.