Switzerland has blocked Russian assets worth $8 billion

Switzerland has blocked Russian assets worth $8 billion

Switzerland has blocked 7.5 billion Swiss francs ($8 billion) worth of Russian assets as of today, five weeks after it first imposed sanctions on Vladimir Putin's entourage, Bloomberg wrote.

 

The new figure represents a 30 percent jump from the 5.75 billion francs reported by the Swiss Secretariat of Economic Affairs on March 24.

 

The higher figure indicates that the implementation of sanctions is working well, said Erwin Bollinger, head of the State Secretariat for Economic Affairs (SSEA).





Switzerland has blocked 7.5 billion Swiss francs ($8 billion) worth of Russian assets as of today, five weeks after it first imposed sanctions on Vladimir Putin's entourage, Bloomberg wrote.

 

The new figure represents a 30 percent jump from the 5.75 billion francs reported by the Swiss Secretariat of Economic Affairs on March 24.

 

The higher figure indicates that the implementation of sanctions is working well, said Erwin Bollinger, head of the State Secretariat for Economic Affairs (SSEA).