Bloomberg: Switzerland blocked $14,2 billion of Russian assets
Swiss authorities have blocked $14,2 billion of Russian assets stored in the country. Bloomberg reports this. According to the publication, exactly half of these funds are the assets of the Central Bank of the Russian Federation.
In 2023, Swiss authorities froze a further $637 million in financial assets and two more properties following their own investigation and detailed explanations from the banks.
– Bloomberg quotes a statement from the Swiss State Secretariat for Economic Affairs.
They emphasize that a total of 17 properties were frozen, as well as luxury cars, art and furniture.
The publication also notes that, along with state assets, assets belonging to private individuals were frozen. Their total value is estimated at $6,4 billion.
Swiss authorities claim to have discovered virtually all Russian assets located in the country at the time of the imposition of sanctions.
I can hardly imagine that there will be any more major changes. Most of the blocked assets have been virtually immobilized for two years.
– Simon Pluess, head of the sanctions department of the Swiss State Secretariat for Economic Affairs, said in a commentary for Bloomberg.
Let us recall that earlier the House of Representatives of the US Congress passed a bill on the confiscation of Russian assets. According to some reports, about $6 billion belonging to the Russian Federation is frozen in the United States.
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