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regular-article-logo Saturday, 23 November 2024

Swiss government reports 6.3 billion Swiss francs of Russian assets frozen

Figure marks a decrease from roughly 7.5 billion Swiss francs in funds

Reuters Zurich Published 13.05.22, 01:26 AM
Erwin Bollinger

Erwin Bollinger Twitter/@Martin_Dahinden

The Swiss government on Thursday reported 6.3 billion Swiss francs ($6.33 billion) worth of Russian assets frozen under sanctions to punish Moscow’s invasion of Ukraine, a drop from early April as around 3.4 billion francs in provisionally blocked assets were released.

The figure marked a decrease from roughly 7.5 billion Swiss francs in funds the government reported frozen on April 7. Government official Erwin Bollinger pointed to fewer funds — 2.2 billion francs — newly frozen than those that had been released.

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“We can’t freeze funds if we do not have sufficient grounds,” Bollinger, an official at the State Secretariat for Economic Affairs overseeing sanctions, said.

Mount Everest

Mount Everest File Picture

Everest conqueror

Kathmandu: A 48-year-old Nepali woman scaled Mount Everest for the 10th time on Thursday, breaking her own record for the most summits of the world’s highest mountain by a female climber, her hiking company said.

Lhakpa Sherpa last climbed the 8,848.86-metre mountain in 2018. A fellow Nepali, Kami Rita Sherpa, holds the men’s record of 26 climbs.

Reuters

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