Switzerland unblocked about 317 million dollars of Russian assets – 2024-04-24 10:37:26

in 2022 Since December, about $317 million of Russian assets frozen in Switzerland have been unblocked following inspections and changes to sanctions lists. This is stated in the statement published on the website of the Federal Council of the country.

“A total of 140 million francs ($153 million) in assets that were frozen as a precautionary measure have been unblocked. Further inspections carried out (since December 2022) have shown that the legal conditions for freezing these assets have not been met,” the statement said.

According to the document, although to a small extent, the total value of frozen assets was affected by the exclusion of individuals and legal entities from the list of sanctions (minus 150 million francs or $164 million) and the increase (plus 50 million francs or $54.77 million).

According to the statement of the Swiss Federal Council, in 2023 As of December 31, the value of frozen assets related to sanctions against Russia was 5.8 billion francs (US$6.37).