Switzerland Blocks, Not Confiscates, Russian Assets Under Sanctions

Switzerland chose a measured path when handling the assets of Russians who fall under international sanctions. Rather than transferring ownership or selling them outright, Swiss authorities opt to place a block on these assets, keeping the rights tied to the original owners in a state of limbo. This approach reflects a long-standing Swiss practice: prevent asset movement or utilization while avoiding the outright abolition of property rights. In practice, this means that blocked assets remain formally owned by the sanctioned individuals or entities, but cannot be used or disposed of until a separate legal basis allows a change in status. The explanation offered by Swiss officials highlights a preference for stability and legal clarity over hasty confiscation, aiming to balance compliance with sanctions on one hand and the protection of foundational property laws on the other.