A massive CHF 46bn of Russian assets are dormant in Switzerland.
The figures have been released by the State Secretariat for the Economy.
Authorities say the real number could be much higher.
Russian nationals with less than CHF 100,000 in assets don’t need to declare, nor do Russians who also hold either a Swiss or EU or EEA passport.
Also, officially recognised Russian nationals who are Swiss residents don’t need to declare.
Summer fires increase
Firefighters across French-speaking Switzerland tackled far more vegetation fires this summer than in any of the past five years
Cheese production suffers after hottest summer on record
This summer's heat has hit Swiss Gruyère cheese production
Music festival in Lausanne this weekend
Lausanne hosts one of the country's biggest showcases of Swiss music this weekend, with 66 free concerts across ten venues from Friday to Sunday
Time limit announced by Lausanne city council
Lausanne's city council has given the municipality six months to ban ventral pinning by its police force
Potential new bank coming to Switzerland
Fintech giant Revolut is applying for a full Swiss banking licence and wants to become Swiss customers' everyday bank
First new AVS payment due
Swiss pensioners will receive their first 13th AVS payment in December, averaging around CHF 1,580
