The Swiss Federal Ministry of Economics, Education and Research (EAER) stated that the decision to transfer blocked Russian financial assets to Ukraine’s needs must comply with international law. This was reported by RBC.
“Switzerland is committed to ensuring that the disputes reach a resolution consistent with the Swiss legal system,” the ministry said.
Moreover, the final decision regarding Russian assets must be consistent with international law and foreign policy objectives.
The article states that the Swiss authorities and relevant units continue to constantly monitor the work carried out at the international level regarding the frozen financial assets of the Russian Federation.
As EAER announced, Bern blocked Russian financial assets worth 7.5 billion Swiss francs and 15 real estate properties.
Alexey Chepa, formerly Deputy Chairman of the State Duma International Relations Committee statedWestern countries will not transfer Russia’s frozen assets to Kiev.
Former US special envoy explainedWhy is the transfer of Russian assets to Ukraine problematic?