Switzerland rules out seizing Russian assets ...News

A government working group has concluded that confiscating the funds would violate the country’s constitution Switzerland does not plan to confiscate private Russian assets frozen in Swiss banks, the country’s Justice Ministry said in a statement on Wednesday. The idea of seizing the funds in order to use them for the reconstruction of Ukraine was assessed by a working group of the Swiss State Secretariat for Economic Affairs (SECO). The group came to the conclusion that the move would violate the Swiss constitution and the country’s legal system, which forbid “expropriation of private property without compensatio

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