Switzerland has frozen CHF7.5bn in assets under Russia sanctions
Switzerland has so far frozen some CHF7.5 billion in funds and assets under sanctions against Russians to punish Moscow’s invasion of Ukraine.
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Switzerland has so far frozen some CHF7.5 billion in funds and assets under sanctions against Russians to punish Moscow’s invasion of Ukraine.
While crypto regulations are still being developed in many countries, the united global sanctions response to Russia’s attack on Ukraine includes crypto to prevent financial loopholes.
The war in Ukraine has put Switzerland's commodities sector in the spotlight. The country makes billions trading raw materials but prefers to not look too closely into the details.
Current information from the Federal Administration. All press releases from the Federal Administration, the departments and offices.
A previous post discussed the potential scenarios that Swiss individuals and entities, including foreign subsidiaries located in Switzerland, could face should new sanctions target specific Russian Federation individuals and entities. Last Monday, the Swiss Government adopted, with immediate eff ...