12/1/2022, 11:02 AM (Source: TeleTrader)
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Switzerland froze over ‎7B Swiss francs in Russian assets

Switzerland's State Secretariat for Economic Affairs (SECO) reported on Thursday that the total value of Russian frozen assets in the country is 7.5 billion Swiss francs. SECO added that 15 properties have also been "blocked" in 6 cantons that were not named.

With the ongoing war in Ukraine, Switzerland adopted the European Union's sanctions against Russia in February and prohibited deposits by Russian nationals of over 100,000 Swiss francs.

SECO recorded 46.1 billion Swiss francs deposited by Russian nationals up until June 3.

Baha Breaking News (BBN) / KB