Earlier it was reported that the state blocked Russian assets in foreign currency totaling only $8.1 billion.
Switzerland has frozen more Russian assets in foreign currency than officially reported. In one Credit Suisse, the second largest bank in the country, 17.6 billion Swiss francs (more than $19 billion) are blocked.
This information was shared by Sonntagszeitung. Journalists reported that officially Switzerland reported frozen 7.5 billion Swiss francs (about $8.1 billion) in financial assets. In addition, 15 properties owned by Russians were blocked in the state. In total, the amount of temporarily confiscated assets reached the mark of 46.1 billion Swiss francs (almost $50 billion).
However, Credit Suisse recently reported that 17.6 billion Swiss francs in Russian assets were frozen on bank accounts. This is more than a third of all property of citizens of the Russian Federation registered in the country.
Of the mentioned amount, 4 billion belong to people who have come under Swiss sanctions. The other 13.6 billion is the money of Russians, which are under the restrictions of other European countries. This may include funds from the Central Bank or directly from the Russian Federation.
Swiss sanctions against Russia: basic information
The state, despite its neutrality, supported the economic restrictions of the European Union, which were imposed on the Russian Federation due to the full-scale invasion of Ukraine.
At the end of January, Switzerland introduced an additional package of sanctions against Russia. 200 individuals and legal entities fell under the restrictions.
The country is also considering lifting the ban on the re-export of Swiss-made weapons by other countries. She is gradually moving towards this decision.
