Swiss Minister Signals Support Using Russian Assets for Ukraine

Switzerland’s Foreign Minister Ignazio Cassis signalled his country’s support for the idea of confiscating frozen Russian assets and using them for the reconstruction of Ukraine, putting him on a collision course with the country’s banks who hate the proposal.

“If we are serious about helping to rebuild Ukraine, we need to think about how we’re going to finance that,” Cassis told Swiss newspaper Tages-Anzeiger. Authorities in a number of countries are discussing such a step, he said, “but this must be done correctly under the rule of law.”