BBC Overnight Programming 10:00pm - 6:00am

Listen Live

Search

Switzerland blocks CHF 7.5bn of Russian assets

Friday, 8 April 2022 06:30

Pexels

Switzerland has blocked CHF 7.5bn in Russian assets since sanctions were announced.

But there could be as much as CHF 200bn of Russian money in Swiss banks, according to the Swiss Bankers Association. 

But Erwin Bollinger from the State Secretariat of Economic Affairs, which is overseeing the sanctions, says not all Russians in the country are under sanctions. 

Bollinger told the press Switzerland had blocked more money than any other country, but cited only the Netherlands which has seized CHF 500m.

Other countries have not released any information. 

He says this country will continue to apply the sanctions set by the EU

Share

More from Bitesize News

  • Geneva could foot the G7 bill

    Geneva fears it will be left with the security bill from a G7 summit just across the border in Évian, according to 24 heures.

  • US NGO discovers Swiss child abuse cases

    Switzerland relies too heavily on an American NGO to detect child sexual abuse online, raising questions about the country's ability to protect children on its own.

  • French singer banned by Paleo

    The Paléo Festival in Nyon says it will no longer invite French singer Patrick Bruel, after a former volunteer accused him of inappropriate behaviour.

  • Cars going uninspected

    The cantons are struggling to keep up with mandatory vehicle inspections, leaving more than 550,000 checks overdue nationwide.

  • War may lead to rent rises

    Rents may rise again, says the bank Raiffeisen.

  • Not a heatwave, yet

    Summer has arrived, with temperatures climbing past 30 over the long weekend. Basel reached 31 and Sion hit 32.4, but MeteoSwiss, says this does not yet count as an official heatwave.

Follow WRS

Download our app

  • Available on the App Store
  • Available on Google Play