Russian assets frozen in Switzerland now over $8bn

Over $8B of Russian central bank assets frozen in Switzerland

GENEVA, Switzerland — The value of Russian assets frozen in Switzerland since the start of Moscow’s full-scale invasion of Ukraine has risen by nearly $2 billion in the past year to over $8 billion, the government said Tuesday. Traditionally neutral Switzerland decided four days after Russia invaded Ukraine on February 24, 2022, to align itself

Russian assets frozen in Switzerland now over $8bn

Russian assets frozen in Switzerland since the start of their full-scale invasion of Ukraine have risen by almost $2 billion in the last year, to over $8 billion, the government revealed on Tuesday. Switzerland decided to align itself with the neighbouring European Union’s sanctions against Moscow. They asked banks to pass on information on targeted clients or firms. The State Secretariat for Economic Affairs confirmed in a statement that as of …

As a result of the EU sanctions, Russian assets of 7.4 billion Swiss francs are now blocked in Switzerland. Numerous houses, luxury cars and works of art are also blocked.

The increase was due to the identification and blocking of additional funds, according to Seco.

More Russian assets frozen in Switzerland

The value of frozen Russian assets in Switzerland currently stands at CHF 7.4 billion, the Swiss Confederation announced on Tuesday. This represents an increase of CHF 1.6 billion in one year. Additional assets have been identified, according to the State Secretariat for Economic Affairs.

The amount of Russian assets frozen in Switzerland has increased to $ 8.4 billion.: EADaily

EADaily, April 1st, 2025. The amount of Russian assets blocked in Switzerland, as of March 2025, increased to 7.4 billion Swiss francs ($ 8.4 billion). Such data was presented by a representative of the State Secretariat for Economic Affairs of the country (SECO) at a press briefing held via video link.