Switzerland Reports $6 Billion in Sanctioned Russian Assets
- Government says assets include property in tourist areas
- Switzerland is relying on banks, cantons to report assets
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The Swiss government has received notification of assets belonging to sanctioned Russian individuals worth 5.75 billion Swiss francs ($6.2 billion), in the first indication of the scale of wealth parked in the country by rich Russians close to President Vladimir Putin.
The figure includes the value of properties in tourist areas, State Secretariat for Economic Affairs official Erwin Bollinger said at a press conference on Thursday. He didn’t give details of the individuals concerned, or information on whether the assets have been seized.