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.
Switzerland Freezes $8 Billion In Financial Assets Under Russia Sanctions
A poster with an image of Russian President Vladimir Putin and the word "Murderer" at a rally against the Russian invasion of Ukraine near the UN headquarters in Geneva on September 25.