The total amount of reserves and assets of the central bank of Russia located in Switzerland is almost 8.3 billion dollars.

 This is reported by the Swiss Federal Council.

 The Federal Council was informed about this on May 10, 2023, having adopted a decision on March 29 on mandatory reporting of reserves and assets.

 Individuals, organizations and legal entities that own, control or are counterparties to the reserves and assets of the central bank of the Russian Federation must report this information by April 12, 2023.

 The reporting obligation also applies to the EU under EU sanctions against Russia. This amount of assets should be distinguished from another amount of frozen funds and assets in Switzerland ($8.4 billion); the latter are those owned or controlled by individuals, companies or entities subject to sanctions and asset freezes.

 Reporting on reserves and assets of the central bank of Russia remains mandatory, and reporting will be done regularly, every quarter.

 "Discussions continue in the EU about whether the assets of the Russian Central Bank should be invested, and the proceeds will be used to restore Ukraine. Switzerland is closely following these discussions," the Federal Council added.

 It was previously reported that the Swiss bank Credit Suisse froze assets belonging to sanctioned Russians for 17.6 billion Swiss francs (almost $20 billion).

 About 130 suspicious cases of circumvention of sanctions against Russia were discovered in Switzerland. Out of them, criminal proceedings were initiated in 29 cases.