Ministers are drawing up plans to seize billions of pounds in frozen oligarch assets, including property and cash, and use them to help rebuild Ukraine.
The National Security Council has held discussions about whether the government can do more with the personal wealth of sanctioned oligarchs. Liz Truss, the foreign secretary, is said to be an advocate of plans to seize their wealth and the Home Office is said to be considering legislation.
The government wants to use the Russian oligarchs’ wealth, which is estimated at £10bn, to fund a “Marshall plan” to rebuild Ukraine. There is an active discussion about whether the money could also go towards providing Ukraine with more weapons.
