Confiscation will allow the construction of more than 4 thousand buildings
London Mayor Sadiq Khan called on the British government to seize capital property owned by Russian oligarchs and sell it to finance the construction of 4 thousand houses.< /p> 
The sale of assets of Russian oligarchs, the value of which, according to the mayor of the British capital Sadiq Khan, amounted to 1.1 billion pounds sterling, could be used to finance the construction of affordable housing for Ukrainians who moved to London.
Such a statement by the mayor of the city comes after Foreign Secretary David Cameron previously called for frozen Russian assets to be seized to help fund military aid.
The London mayor, in a conversation with the Minister for Housing, Regional Development and Intergovernmental Affairs Michael Gove, stated his concern that “ownership of real estate may be hidden through financial trust schemes.”
Sadiq Khan also called for the resumption of the family visa program for refugees from Ukraine after the government said it was closing it. The cancellation of the program was described as a “cruel move”, but the government insisted that refugees could still come to the UK under the Homes for Ukraine program.
“We need to take stronger action. Two years ago, I put forward proposals to combat the use of the capital's housing market as a playground for international oligarchs, and to raise funds to tackle the country's housing crisis, which is most acutely felt here in London,” — Sadiq Khan reported. He added that his call is aimed at creating an effective register of beneficial owners of foreign property.
However, while he welcomes the creation of a register of overseas entities who want to buy, sell or transfer property or land in the UK, he shares campaigners' concerns «that these transparency measures do not sufficiently clarify overseas purchases that may facilitate such offences. as tax evasion, as well as hiding the assets of those who will be subject to any possible sanctions regime.”
Commenting on his intention, he said that “a new analysis of the mayor’s office showed that real estate worth 1.1 billion £ sterling, identified by Transparency International in 2022 as being bought by the Russians, could be sold, which would provide sufficient funding for more than 4 thousand affordable homes.
«As Mayor of London, I want to make it clear that they are still welcome here in our city, and I urge ministers to urgently provide the same guarantees,” — concluded Sadiq Khan.