The Swiss banks provide updated data every hour on the progress in the implementation of sanctions against Russians and Russian companies, said today the Minister of Economy Guy Parmelen and the government intends to announce soon all the assets that have been “frozen”.
THE Switzerland adopted them sanctions imposed by the European Union on burden on Russians and Russian companiesin a clear departure from its traditional neutrality, ordering the “freezing” of assets in response to Russian invasion in Ukraine.
“Every hour we receive a lot of reports from banks, financial intermediaries, insurance companies and we want to inform very soon,” he told Parmelen on the SRF radio network, adding that it was “too early” to say the exact amount of assets he had so far “frozen”. ».
The Russians had almost 10.4 billion Swiss francs in Switzerland in 2020, according to figures from the country’s National Bank.
Asked if Switzerland had lost its political neutrality by imposing sanctions, the country’s economy minister replied:
“We remain neutral.”
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