The value of Russian assets frozen in Switzerland has climbed to 7.4 billion Swiss francs (8.4 billion U.S. dollars) from 5.8 francs one year earlier, local media reported on Tuesday.
The year-on-year increase is a result of the identification of additional assets that were subsequently frozen, local media Swissinfo cited the State Secretariat for Economic Affairs (SECO) as saying.
In addition, 14 real estate assets of individuals, companies or entities targeted by the European Union’s (EU) sanctions against Russia have been taken over by Switzerland.
According to the SECO, the Swiss authority has expanded its list of sanctions against Russia as it adopts the additional measures decided by the EU against Russia.
On Feb. 24, the EU adopted further measures against Russia as part of its 16th package of sanctions, which includes measures in the areas of goods, finance and services. (1 Swiss franc = 1.13 U.S. dollar) Enditem
Source: Xinhua
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