Switzerland has frozen financial assets worth 7.5 billion Swiss francs ($7.94 billion) as of November 25 under sanctions against Russians to punish Moscow for its invasion of Ukraine. The State Secretariat for Economic Affairs (SECO), the agency overseeing sanctions, said on December 1 that 15 properties in six cantons are also "blocked." Up until June 3, it said, SECO had been notified of existing deposits held by Russian nationals, and individuals and legal entities in Russia, amounting to 46.1 billion francs. To read the original story from Reuters, click here.
Editors' Picks
RFE/RL has been declared an "undesirable organization" by the Russian government.
If you are in Russia or the Russia-controlled parts of Ukraine and hold a Russian passport or are a stateless person residing permanently in Russia or the Russia-controlled parts of Ukraine, please note that you could face fines or imprisonment for sharing, liking, commenting on, or saving our content, or for contacting us.
To find out more, click here.