Switzerland Has Frozen $14 Billion in Total of Russia Assets

Switzerland has blocked 13 billion francs ($14.3 billion) in Russian assets held in the country, including more than 7 billion francs in reserves and assets of Russia’s central bank.

In 2023, Swiss authorities froze a further 580 million francs in financial assets and two more properties, following its own investigations and detailed clarifications by banks, the State Secretariat of Economic Affairs, or SECO, said Tuesday. In total, it’s frozen 17 properties as well as luxury cars, works of art and furniture.