Russian assets seized by Switzerland rise slightly
Switzerland has adopted European Union sanctions against Russia since its invasion of Ukraine.
Keystone / Roman Pilipey
Switzerland has frozen an estimated CHF7.7 billion ($8.81 billion) in financial assets belonging to Russians, the government said on Friday, under sanctions designed to punish Moscow for its invasion of Ukraine.
This content was published on
1 minute
Reuters
Русский
ru
Объем российских активов, блокированных Швейцарией, увеличился
The figure, a provisional estimate, represented a slight increase from the CHF7.5 billion the Swiss government said it had blocked last year after the neutral country adopted European Union sanctions.
The State Secretariat for Economic Affairs (SECO), the agency overseeing sanctions, said the CHF7.7 billion figure was only its latest estimate and was subject to change.
It was difficult to give a precise figure due to new people being added or removed from the sanctions list, as well as legal cases to freeze or unlock further assets.
A more accurate figure is expected by the end of the second quarter 2024 when the Swiss banks report to the government.
More
More
Investigating Swiss traders’ links to murky world of Russian oil
This content was published on
Swiss-based traders in the oil market have come under scrutiny as Western nations try to starve Moscow of resources to wage war on Ukraine.
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles. You can find them here.
If you want to know more about how we work, have a look here, and if you have feedback on this news story please write to english@swissinfo.ch.
External Content
Your subscription could not be saved. Please try again.
Almost finished… We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.
Popular Stories
More
Multinational companies
Azeri fossil-fuel cash cow brings controversy to Switzerland
Beer sales in Switzerland watered down by bad weather
This content was published on
The past brewing year fell through in Switzerland, partly due to the bad weather. Beer sales shrank again. For the first time, per capita consumption fell below the 50 liter mark.
Compensation for Syrian after pregnant wife denied help on Swiss train
This content was published on
Switzerland’s Federal Court has partially upheld the appeal of a Syrian family being deported from Switzerland to Italy in 2014. The man now also receives compensation.
Swiss-EU negotiations: Cassis to meet Sefcovic in Bern
This content was published on
Swiss Foreign Minister Ignazio Cassis will meet the Vice-President of the EU Commission, Maros Sefcovic, in Bern on Wednesday.
Heavy snowfall in Switzerland causes traffic chaos and accidents
This content was published on
The heavy snowfall late on Thursday and during the night into Friday led to traffic chaos and many accidents in many regions of Switzerland.
Chimpanzee behaviours passed down through generations
This content was published on
Some of the complex behaviours of chimpanzees have been passed down and refined over generations. These include the combination of several tools for foraging.
More than 600,000 rounds of Swiss sniper ammunition reach Ukraine
This content was published on
Sniper ammunition from Swiss P Defence reached Ukraine via a Polish company in July 2023, reported SRF Investigativ on Thursday, citing official information.
Switzerland launches national digital inclusion alliance
This content was published on
The Swiss government launched the Swiss Digital Inclusion Alliance on Thursday with the goal of giving as many people as possible access to digital services.
Frozen Russian assets are not very profitable, say Swiss authorities
This content was published on
Switzerland says it is committed to a coordinated international approach to the frozen assets and reserves of Russia's central bank.
US steps up probe of Credit Suisse and UBS over sanctions breaches
This content was published on
The US Department of Justice has stepped up a probe into Credit Suisse and UBS over suspected compliance failures involving Russian clients.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.