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Russian assets frozen in Switzerland now over $8bn

Published on April 01, 2025 at 08:07 PM

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 assets frozen were valued at 7.4 billion francs ($8.4 billion).

That represents an increase of 1.6 billion francs ($1.8 billion) compared to a year ago.

“14 real estate assets belonging to individuals, companies, or entities subject to sanctions” the statement added.

The assets include sports and luxury cars, aircraft, artworks, furniture, and instruments belonging to individuals, companies, or entities.

The sanctions against Russia also include several measures in the financial, trade and energy sectors, as well as restrictions in the services and air transport sectors.