Espreso. Global

Credit Suisse freezes Russian assets worth over 19 billion USD

12 February, 2023 Sunday
19:33

Swiss bank Credit Suisse has frozen Russian assets worth more than $19 billion, which is a third of all Russian assets in the country

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This was reported by Tages Anzeiger.

It is noted that Russian assets worth $8.1 billion have been officially frozen in Switzerland due to the war in Ukraine, but Credit Suisse has frozen assets worth another $19 billion.

More than $4 billion belong to persons who are sanctioned in Switzerland, and the rest belongs to the Russian Central Bank and the Russians who have been sanctioned in other countries. 

  • Switzerland plans to cancel the ban on supplying Swiss-made weapons to Ukraine, although this would break centuries-old neutrality tradition.

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