Ukraine Gate- Kyiv – April 9, 2022- After Russia’s brutal aggression against Ukraine, the whole world united and stood against the Russian Federation in defense of Ukraine, and heavy sanctions were imposed on it, and today the Cayman Islands have frozen $7.3 billion of Russian assets.
As part of the Overseas Territories of Great Britain, the Cayman Islands impose British sanctions, and more than 800 decisions have been agreed on freezing the assets of Russian individuals and legal entities.
The Cayman Islands authorities set up a working group to decide on sanctions against Russia in response to the invasion of Ukraine.
As the main objective of the group is to discuss and make decisions on policies and communications that arise in relation to existing sanctions, this group will meet weekly to determine the measures to be taken by each institution at the local and international levels.
