Switzerland has seized CHF 7.7 billion in Russian financial assets, an increase on the CHF 7.5 billion seized by the end of last year.

The State Secretariat for Economic Affairs (SECO) said the figure was a provisional estimate with a more accurate figure expected in the second quarter of 2024 when banks in Switzerland report to the government.

With €211 billion in Russian assets frozen across the EU, the UK government reported in March this year that it had also frozen...