Russian assets frozen in Switzerland now over $8bn

Russian assets frozen in Switzerland since the start of their full-scale invasion of Ukraine have risen by almost $2 billion in the last year, to over $8 billion, the government revealed on Tuesday.

Switzerland decided to align itself with the neighbouring European Union’s sanctions against Moscow.

They asked banks to pass on information on targeted clients or firms.

The State Secretariat for Economic Affairs confirmed in a statement that as of 31 March, the Russian…