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Reuters
Reuters
Business

Swiss give cool reply to Ukraine call for seizing Russian assets

Swiss President Ignazio Cassis listens during the Ukraine Recovery Conference in Lugano, Switzerland July 5, 2022. Alessandro della Valle/Pool via REUTERS

Switzerland has given a cool response to calls from Ukraine's prime minister to use frozen assets of ultra-wealthy Russians to help fund his country's $750 billion reconstruction project.

Ukrainian Prime Minister Denys Shmygal told a conference in Lugano that $300-500 billion of Russian assets had been frozen by the United States, European Union and Britain, money he said could help rebuild wrecked schools, hospitals and homes.

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