Switzerland rejects allegations of freezing Russian assets

April 11, 2023 21:53

Swiss authorities have rejected accusations by some countries of being lenient in freezing Russian assets on the basis of sanctions imposed by Western countries on Moscow.

The director of the Swiss State Secretariat for Economic Affairs (SECO), Helene Budliger Artieda, said in an interview with the Neue Zurcher Zeitung newspaper that Switzerland has frozen 7.5 billion francs ($8.3 billion) and 15 real estate assets since imposing sanctions on Russia.

According to Ms. Artieda, this figure is equivalent to about one-third of the total 21.5 billion euros ($23.4 billion) of Russian assets frozen across the European Union (EU).

Illustration photo: RIA Novosti

“So what is the basis for the opinion that Switzerland is not taking this seriously?”, the head of SECO stressed.

The SECO chief made the comments after the Group of Seven (G7) industrialized nations last week asked Switzerland to be more proactive in freezing the assets of Russian oligarchs.

US Ambassador to Switzerland Scott Miller criticized SECO in March, estimating that Bern could freeze an additional 50-100 billion francs in Russian assets.

According to Vietnamnet

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Switzerland rejects allegations of freezing Russian assets