16:23 - 1.04.2025

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April 1, Fineko/abc.az. The amount of Russian assets blocked in Switzerland increased to 7.4 billion Swiss francs ($8.4 bn) as of March 2025.

ABC.AZ reports that this was announced by a representative of the country's State Secretariat for Economic Affairs (SECO) at a press briefing held via video link.

According to SECO, the increase is linked with the results of investigations, the content of which is not specified (1.7 billion francs), an increase in the value of frozen assets (320 million francs) and expansion of sanctions (130 million francs). It is indicated that the total amount of blocked assets decreased by 510 million francs due to the approval of requests for unblocking on an exceptional basis, the loss of asset value and the exclusion of a number of persons from the sanctions list.

In August 2024, the amount of Russian assets frozen in the confederation was 7.1 billion francs ($8 bn).

SECO noted that speech is about real estate, cars, works of art, furniture and musical instruments. At that, the total amount of assets of the Central Bank of the Russian Federation immobilized in Switzerland remained unchanged compared to August 2024 - 7.2 billion francs ($8.1 bn).