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Post: US Ambassador Says Switzerland Is Blocking Several Russian Presences


Swiss National Bank in Bern. archive photo

US Ambassador: Switzerland may block another hundred billion dollars in Russian assets

ZURICH, March 16 – RIA Novosti. US Ambassador to Bern Scott Miller believes that Switzerland can block another 50-100 billion dollars of Russian assets.

Switzerland has participated in almost all European sanctions against the Russian Federation since February 24, 2022. Bern blocked $8.1 billion of Russian assets as part of the sanctions. Swiss bank Credit Suisse blocked or froze more than a third of Russian assets registered in Switzerland – 17.6 billion francs (over 19 billion dollars).

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“We have already noticed that the authorities have frozen Russian assets in Swiss banks by 7.75 billion Swiss francs. Switzerland may block another 50 to 100 billion Swiss francs,” Miller told Swiss publication Neue Zürcher Zeitung.

The American ambassador added that as many Russian assets as possible should be found, frozen and, if necessary, confiscated so that they can be supplied to Ukraine for rescue.

“But this requires international coordination agreements. I hope we can achieve that as the international community,” Miller said.

Earlier, Swiss newspaper SonntagsZeitung reported that about 50 billion dollars of Russian funds were declared in Switzerland.

In February, the Swiss government said it was illegal to transfer Russian assets frozen in the country to Ukraine in accordance with applicable law.

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Source: Ria

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