As part of the international sanctions, the Swiss government blocked a total of $8.1 billion in Russian assets, but the overall damage could be greater as the local Credit Suisse bank could “freeze” other Russian assets sanctioned by other Western states. opens Words by Antje Berchi RIA Novosti, press secretary of the Swiss State Secretariat for Economic Affairs (SECO).
February 12 newspaper Le Temps knowledgeableCredit Suisse (CS) has blocked more than a third of Russian assets registered in Switzerland. It was about 17.6 billion francs, or more than $19 billion. Birchi explained that this article most likely refers to the assets of Russian natural and legal persons that US or EU authorities can impose restrictions on.
“As of December 1, 2022, 7.5 billion Swiss francs are blocked in Switzerland ($8.1 billion – socialbites.ca) <….> “Currently, the government has frozen all 15 properties in six cantons,” he said.
February 12 newspaper Le Temps knowledgeableOf the 17.6 billion francs of Russian assets blocked by Swiss bank Credit Suisse, only 4 billion francs belong to people on the Swiss sanctions list. The remaining 13.6 billion belongs to people who fall under restrictions in other states, including money from the Central Bank of Russia (CB).