Switzerland blocks over $6bn of Russian assets in sanctions update  

Mark Battersby
clock • 1 min read

The State Secretariat for Economic Affairs yesterday (24 March) revealed that Switzerland had to date frozen Russian assets of 5.75 billion Swiss francs ($6.17bn) under the new sanctions regime, Reuters has reported.  At a media conference Erwin Bollinger, a senior official at the State Secretariat for Economic Affairs (SECO) agency overseeing sanctions, said: "Today, for the first time, I can give you an indication of the amount of frozen funds. To date, SECO has been notified of funds and assets totalling around 5.750 billion Swiss francs."  He added: "The cited number of far over 5...

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