A new official estimate has been revised higher than last year Switzerland has an estimated 7.7 billion Swiss francs ($8.81 billion) of Russian assets frozen in its financial institutions, the national agency overseeing sanctions announced late last week. While the figure is a provisional estimate and may be subject to change, it represents an increase on the 7.5 billion francs the Swiss authorities said they blocked last year. The current estimate includes properties and luxury cars belonging to sanctioned Russians, as well as profits from cash deposits, bonds, and shares. The Swiss State Secretariat for Economic
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