Bern will report on Moscow’s reserves every three months, the government has said Assets and reserves belonging to the Bank of Russia worth 7.4 billion Swiss francs ($8.3 billion) are currently held in Switzerland, the State Secretariat for Economic Affairs (SECO) reported on Wednesday. The government said the sum represents all central bank reserves and assets withheld in the country to date, adding that “the bank’s assets have been immobilized.” The “sum of immobilized assets should be distinguished” from the 7.5 billion francs ($8.4 billion) worth of frozen assets which belong to sanctioned Russian individua
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