Russia’s financial assets worth 17.6 billion Swiss francs (more than $19 billion) were blocked by the Swiss bank Credit Suisse, write the Swiss newspapers Sonntags Zeitung and Le Temps on February 12.
According to the publications, earlier the Swiss authorities officially announced that they had blocked funds in the amount of 7.5 billion francs (about 8.1 billion dollars) as part of the sanctions against Russia. However, the amount frozen by Credit Suisse is much more than indicated by the authorities and is a third of the Russian funds declared in the Swiss Confederation.
Of the 17.6 billion, only 4 billion belong to people against whom restrictions have been introduced in Switzerland. The remaining 13.6 billion are owned by people against whom other states have announced sanctions, and also belong to the Russian Central Bank. According to newspaper reports, 15 properties were blocked.
Remember that despite Switzerland not being a member of the European Union and its declared neutral status, it supported all nine sanctions packages against Russia. The Russian government has included the Swiss Confederation on the list of countries hostile to Russia.
Source: Rossa Primavera
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