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Reuters
Reuters
Politics

Swiss have frozen $8 billion in assets under Russia sanctions

Switzerland has so far frozen some 7.5 billion Swiss francs ($8.03 billion) in funds and assets under sanctions against Russians to punish Moscow's invasion of Ukraine, government official Erwin Bollinger said on Thursday.

The assets included money in frozen bank accounts and properties in four Swiss cantons, Bollinger told a news conference in Bern. He did not name the cantons.

In a sharp deviation from the country's traditional neutrality, Switzerland on Feb. 28 adopted European Union sanctions against Russians involved in Moscow's invasion of Ukraine. It is adopting other EU sanctions as well.

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