Switzerland froze only 5% of russian assets
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02 Apr 2024
Ukraine's Foreign Minister Dmytro Kuleba said that 7.5 billion francs ($8.2 billion) worth of russian assets have been frozen in Switzerland. These are the assets of russian individuals subject to Swiss sanctions.
At the same time, the corresponding amount is only 5% of the total amount of russian assets in Switzerland, as their total volume is estimated at 150 billion francs.
"We believe that Switzerland has the opportunity to do more. Such actions will make it clear that aggression is unacceptable and that everyone must abide by the rules. This will be a powerful deterrent for any country that is tempted to launch armed aggression," Kuleba emphasized.
The minister noted that russia is unlikely to voluntarily agree to compensate Ukraine for the damage caused by the war. Therefore, russian assets blocked by Western countries should be used to compensate for these losses.
Source: Swissinfo