Switzerland Rejects Criticism Over Handling Of Russian Assets

Switzerland insisted on April 11 that it was clamping down on Russian assets parked in the country, after other countries accused the Swiss of not going far enough. Bern has frozen $8.3 billion in assets since imposing sanctions on Russia following its invasion of Ukraine, said Helene Budliger Artieda, director of the government's State Secretariat for Economic Affairs. That's the equivalent of around "a good third" of the $23.4 billion frozen across the European Union, she said. Switzerland is not in the EU but has matched the bloc's sanctions on Russia. To read the original story by AFP, click here.