Economics

It's just a part: Switzerland has frozen Russian assets for $ 8.8 billion

According to the Swiss Bankers Association, the frozen assets of the Russians are only part of the total wealth owned by Russian citizens in Switzerland. Switzerland has frozen financial assets owned by the Russians, worth about 7. 7 billion Swiss francs ($ 8. 81 billion). The government of the country reported this on Friday, December 1, within the limits of sanctions called to punish the Russian Federation for invasion of Ukraine, Reuters writes.

At the same time, according to the agency, the State Secretariat of Switzerland on Economic Affairs (Seco), which controls sanctions, stated that the announced figure is not final and may be changed. "A more accurate figure is expected by the end of the second quarter of 2024, when Swiss banks report to the government," the publication said.

According to analysts, the increase in frozen assets is associated with the expansion of an anti -Russian sanction list for the last 12 months of 300 people and 100 companies and organizations. "It also covers the estimated profit from monetary deposits, bonds, stocks, and real estate and luxury cars," Reuters notes, adding that Seco has refused to comment, the assets of which were frozen. In addition, Bern also blocked the movement of 7.

4 billion francs in currency assets belonging to the Russian Central Bank. Switzerland President Allen Berce has promised to provide more support for Ukraine during a recent visit to Ukraine and discussed the use of profit from frozen Russian assets to help restore the country. According to the agency, the frozen assets are only part of the total wealth that the Russians in Switzerland. According to the Swiss Bankers Association, 150 billion francs are located in the banks of the country.

The European Commission is also working on a proposal to combine some of the profit from frozen Russian state assets to assist Ukraine and its post -war recovery. "Switzerland is involved in discussions, but has not yet decided whether to support this proposal," Reuters said. At the same time, Switzerland's support was restricted: the country rejected the request of other countries to allow Swiss weapons and ammunition to Ukraine, referring to the laws on neutrality of the country.