The UK government has announced plans to 'seize the hundreds of billions of [pounds' worth of] frozen Russian assets' held by the UK and send it to Ukraine. It proposes to start with 'taking the billions in interest these assets are collecting', then, in collaboration with the G7 group of countries, 'find lawful ways to seize the assets themselves and get those funds to Ukraine too'. Earlier in February, the Council of the European Union adopted legislation to support Ukraine with revenues generated by the Russian investments immobilised in the EU.
News Source：【The Sunday Times (paywall) 2024/02】