thewealthnet

Rise in Russian assets seized by Switzerland

News Team, 07/12/2023

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 froz...


Continue reading this article...


Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.







You are currently not logged in,
login to view the full article
start by clicking this button.





Need a subscription,
fill out the form here or
contact subs@thewealthnet.com


About PAM

PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.

Read more about PAM