Page 9 - Mark Pieth News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Untangling the main areas of contention surrounding Swiss efforts to track down and freeze the assets of sanctioned Russians.

Switzerland has frozen $6.3 billion in Russian assets to date, the government said as it responds to criticism that it should be doing more to block the fortunes of those close to Vladimir Putin. That’s down from the 7.5 billion Swiss francs ($7.5 billion) worth of assets frozen as of April 7, Swiss official Erwin […]

(Bloomberg) -- Switzerland has frozen a further 2.2 billion Swiss francs ($2.2 billion) of Russian assets in the past five weeks, as its responds to criticism that it should be doing more to block the fortunes of those close to Vladimir Putin. The current tally of frozen assets now stands at 6.3 billion francs, Swiss official Erwin Bollinger said at a government briefing Thursday in the Swiss capital Bern. The figure is actually down from the 7.5 billion Swiss francs worth of assets frozen as of April 7 because even though an additional 2.2 billion francs were blocked, 3.4 billion francs were ...

Switzerland has frozen a further 2.2 billion Swiss francs ($2.2 billion) of Russian assets in the past five weeks, as its responds to criticism that it should be doing more to block the fortunes of those close to Vladimir Putin.

A US commission has issued a firm criticism of Switzerland's laws that are concealing numerous Russian assets and aiding Putin.