Extract from Commons debate on Russian Assets: Seizure - Mar 14

Sir John Whittingdale (Maldon) (Con):...As has been pointed out, the funds available for the payment of reparation in the first instance belong to the Russian state; the estimated frozen funds of the Russian central bank total something like $300 billion. On top of that, the Russian state enjoys oil revenues, and it is possible to consider whether some kind of levy could be placed on that. There are then the assets of institutions associated with the Russian state, such as Gazprom  Rosneft and Rosatom, but things will need to go beyond that, and the debate so far has rightly focused on whether we can address those assets held by private individuals and oligarchs...

For context, CLICK HERE