Swiss block more Russian assets
Switzerland has blocked additional Russian assets. The value is currently CHF 7.4 billion (CHF 7.75 billion), around CHF 1.6 billion more than a year ago, the State Secretariat for Economy said.
The increase is due to the determination and blocking of additional funds. There are also 7.45 billion francs reserves and assets from the central bank of the Russian Federation in Switzerland.
Missing legal requirements
In addition, 14 properties are closed, four less than a year ago. This lies, among other things, to deletions from the sanction list or the lack of legal requirements for maintaining the lock.
Leonid Wolkow: « There is a lot of Russian money in Luxembourg »
Switzerland has been criticized several times because significantly more assets from Russians are suspected there, which are occupied by sanctions. One of the sharpest critics was the ambassador Scott Miller, appointed by US Ex President Joe Biden. Switzerland argues that it is often difficult to clearly assign accounts and other assets to people, companies or organizations who are on the sanction list.
Luxembourg: Blocked over six billion euros
Luxembourg has also frozen assets. According to the Ministry of Finance, the sum of these frozen assets fluctuates between 6.0 and 6.2 billion euros (as of 2024) depending on the market evaluation.
On the third anniversary of the Russian invasion of Ukraine, the European Union decided its 16th sanction package at the end of February 2025. The aim is to further increase the economic and political pressure on Russia. The package includes stricter measures against the Russian shadow fleet, extensive trade restrictions as well as sanctions in the financial sector and against Russian media.
