Switzerland Reports $6.3 Billion of Russian Assets Seized, Number Down Since April
Switzerland froze $2.2 billion in Russian assets in the past five weeks, Swiss official Erwin Bollinger said at a government briefing May 12, Bloomberg reported. The total amount frozen by Switzerland now stands at nearly $6.3 billion -- a number…
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that is down since April 7 because around $3.4 billion was released after being frozen on a precautionary basis, Bloomberg said. The announcement comes after Kremlin critic Bill Browder said at a U.S. government-sponsored briefing on Russian money that the U.S. should reconsider its legal cooperation with Switzerland, Bloomberg reported. Despite Switzerland imposing sanctions on Russia that mirror the EU's, greater attention is being paid to the Swiss role as a haven for Russian money.