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Swiss bank freezes Russian assets at nearly $20 billion

Of the amount blocked by the bank, only 4.32 billion belong to people previously included in the sanctions list of the Swiss authorities.

Swiss bank Credit Suisse has frozen more than $19 billion (CHF 17.6 billion) of Russian assets, a third of all declared Russian assets in Switzerland, according to the Sonntags Zeitung newspaper.

Of the amount blocked by the bank, only 4.32 billion belong to people previously included in the sanctions list of the Swiss authorities. The remaining $14.7 billion relates to persons subject to sanctions in other states. In addition, Credit Suisse froze the funds of the Russian Central Bank.

Earlier, the State Secretariat for the Economy of Switzerland announced the blocking of Russian assets in the amount of $8.1 billion and 15 real estate objects. The blocking of Russian assets took place as part of sanctions imposed on the Russian Federation due to a large-scale invasion of Ukraine.

Remember that more and more voices in Switzerland can be heard in favor of changing the policy of neutrality, which would allow Ukraine to supply Swiss-made weapons and ammunition.

Source: korrespondent

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