Switzerland is ready to block both the sanctions money of Russian and illegal funds of Ukrainian oligarchs

03 July 2022, 20:36 | Economy
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Switzerland is ready to block any funds and property - both the sanctioned wealth of Russian oligarchs and the illegal funds of Ukrainian moneybags, subject to the existence of the necessary legal grounds. This was stated by Swiss President Ignazio Cassis in an interview with ZN. U.A..

So, answering a question about the unfrozen billions of Russian assets in Switzerland, which caused a mixed reaction in Ukraine, he noted that Switzerland acts in strict accordance with the sanctions lists compiled by the EU.

" It is necessary to freeze only the assets of companies, individuals and legal entities included in the sanctions list. Switzerland uses lists compiled by the EU. And, of course, our authorities will investigate any allegations of a non-freeze and report it.. The procedures are well developed and known to the relevant entities,"

As confirmation that Switzerland contributes to the implementation of the EU sanctions policy, he cited statistics on frozen Russian assets..

" This volume of frozen assets is very high when compared with previous sanctions regimes. You can see for yourself by comparing it with the volume of assets frozen by other countries that have joined the sanctions,"

He also answered yes to the question whether Switzerland would be able to seize millions of dollars stolen by Ukrainian oligarchs, and also said when this might happen..

" In addition, Switzerland constantly monitors the transparency and identification of beneficial owners of legal entities..

In May of this year, the government of the Swiss Confederation approved the decision to open proceedings for the confiscation of assets frozen in Switzerland after the Revolution of Dignity in February 2014,"

According to him, the proceedings concern the assets of Yuri Ivanyushchenko and his family in the amount of more than 100 million Swiss francs..

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What else the President of Switzerland said, read in an interview with Vasily Zori - "




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