Switzerland threatens to seize Russian assets ...News

The billions of dollars in funds could be used for rebuilding Ukraine, the Swiss foreign minister has suggested Frozen Russian assets in Switzerland could be confiscated to finance the reconstruction of Ukraine, the country’s Foreign Minister Ignazio Cassis stated on Friday. Switzerland has frozen 7.5 billion Swiss francs ($8.2 billion) worth of assets from sanctioned Russian citizens, which is only a fraction of the 150 billion francs ($163 billion) of total Russian holdings estimated to be in the country. According to Cassis, those frozen assets can’t be confiscated under current law, which would likely require

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