G7 countries believe Switzerland is not doing enough to deal with Russian oligarchs fleeing sanctions, writes Finance Times.
According to them, Swiss privacy laws and other loopholes are used by Russian businessmen to store billions of francs in overseas assets.
According to the Swiss State Secretariat of Economic Affairs, Russia’s assets worth 7.5 billion francs were frozen. But G7 ambassadors question this figure.
“Independent sources believe that the total amount held in Switzerland could be significantly higher,” the article says.
It was previously reported that the European Union is planning. to manage A new round of negotiations between the European Commission and EU ambassadors on the new, 11th package of sanctions against Russia.
According to the newspaper’s sources, negotiations on new sanctions are expected to begin soon after the Easter holidays.
Catholic Easter in 2023 falls on April 9, Orthodox believers will meet a week later – on April 16.