SECO said the number of individuals added to or removed from the sanctions list will influence the determination of the exact number.
Switzerland, as part of the sanctions, has “frozen” about 7.7 billion Swiss francs ($8.81 billion) of the Russians’ financial assets. Official Bern announced this on Friday, December 1, Reuters reports.
The Swiss State Secretariat for Economic Affairs (SECO) said this figure could change later when Swiss banks compile their reports to the government at the end of the first quarter of 2024.
Determining the exact number is influenced by the number of individuals added or removed from the Swiss sanctions list and court cases to freeze or release additional assets.
As we already wrote, in mid-August Switzerland joined the 11th package of EU sanctions against Russia. We are talking about banning the export of dual-use goods and goods that contribute to the military-technical strengthening of Russia.
Source: korrespondent
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