Swiss Freeze $8 Billion In Russian Assets

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At a glance

  • Switzerland has frozen financial assets worth 7.5 billion Swiss francs ($7.94 billion) as of Nov. 25 under sanctions against Russians to punish Moscow for its invasion of Ukraine, the State Secretariat for Economic Affairs (SECO) said on Thursday.
  • SECO, the agency overseeing sanctions, also said that 15 properties in six cantons are also “blocked”. It did not name the cantons.
  • Up until June 3, SECO had been notified of existing deposits held by Russian nationals, and individuals and legal entities in Russia, amounting to 46.1 billion francs, it said.

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