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Russia has faced much backlash from the global arena since it invaded Ukraine a year ago. The United States, European Union, United Kingdom and a few other countries have imposed slews of sanctions on Russia to cripple its economy in a bid to slow down the war. The war in Ukraine and massive sanctions against Russia have triggered a contraction in global trade and sent food
Traditionally neutral Switzerland is a favored destination for wealthy Russians and their money, but has aligned itself with the EU’s sanctions after the start of the full-scale invasion.
Switzerland has frozen a total of 7.5 billion Swiss francs in Russian assets, in connection with the sanctions imposed over Russia's war in Ukraine.
15 properties also seized; Switzerland abandoned customary neutrality to join EU in sanctioning Moscow
International, MNA | Switzerland said Thursday that it has to date frozen a total of 7.5 billion Swiss francs ($7.9 billion) in Russian assets, in connection with the sanctions