Putin Orders Russian Bank to Seize UK Brokerage Assets

Key Facts

Russian President Vladimir Putin ordered a sanctioned Russian bank to seize assets belonging to a UK brokerage firm. Bloomberg reported that the authorization allows the bank to take control of assets held by the British entity, marking a further escalation in the seizure of Western financial interests.

The move is part of Russia's ongoing retaliatory measures against Western sanctions and the freezing of Russian assets abroad. This development follows economic data from the UK on November 12, 2026, which showed monthly GDP growth of 0.2% and a goods trade balance deficit of £22.29 billion.

Russia is scheduled to release key economic indicators on November 13, 2026, including the annual inflation rate, forecasted at 7.1%, and GDP growth figures, which may provide further context on the domestic economy amid rising geopolitical tensions.