Swiss bank Credit Suisse freezes $19 billion worth of Russian assets
Sonntags Zeitung wrote that the assets account for about one third of all Russian assets declared in Switzerland. Only about CHF 4 billion ($4.3 billion) are of individuals sanctioned by Switzerland, while another CHF 13.6 billion ($14.7 billion) belongs to people sanctioned by other countries.
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"Besides, it could be the money of the Russian central bank or state money that does not fall under any sanctions, but they are de-facto frozen," the newspaper added.
Another $8.1 billion and 15 real estate objects were seized in Switzerland earlier, following the Russian full-scale invasion of Ukraine, Sonntags Zeitung wrote.
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On Jan. 25, the Swiss introduced a new package of sanctions against Russia, in particular in regard to about 200 individuals and entities, as well as sanctions on goods exports.
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