‘Neutral’ Switzerland blocking $14 billion of Russian assets ...News

Russia Today - Economy
‘Neutral’ Switzerland blocking $14 billion of Russian assets
source : Russia Today ( News ) () 37
The value of the funds dropped by nearly $2 billion last year, Swiss authorities have revealed Switzerland has an estimated 13 billion francs ($14.3 billion) of Russian assets frozen in its financial institutions, around half of which belongs to the state and half to private individuals, the national agency overseeing sanctions revealed on Tuesday. While the value of Russia’s state assets remains unchanged, Swiss authorities reported a sharp drop in the value of privately owned funds. As of the end of December, a total of 5.8 billion francs ($6.3 billion) in financial assets and properties belonging to sanctioned

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