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Switzerland rolls out anti-Russia sanctions, freezes oligarchs' assets (updated)

The Russians hold 11.24bn dollars in the Swiss banks.

Switzerland rolls out anti-Russia sanctions, freezes oligarchs' assets (updated)

Switzerland has imposed sanctions on Russia, following two European Union packages. Moreover, the country imposed restrictions on Russian president Volodymyr Putin, Prime Minister Mishustin, the head of the Ministry of Foreign Affairs Serhii Lavrov(according to Reuters). Their assets are frozen.

Also, entering the country is forbidden for oligarchs close to Putin.

Ignacio Cassis, current president of Switzerland, said about the intention to impose sanctions.

According to him, the neutrality of Switzerland must be retained, and they are ready to offer their good offices for diplomacy if the negotiation between Ukrainian and Russian officials on the Belarusian border would not be successful(for example, by reaching a truce).

“However, it does not interfere us with calling things by their names,” – he added.

According to the Swiss National Bank, in 2020, the Russians held almost 10.4bn Swiss francs(11.24bn dollars) in the country’s banks.

We remind that today the British government imposed new anti-Russian sanctions in response to the aggression against Ukraine. Mainly, sanctions were imposed against the Central Bank of Russia, the Russian fond of National wealth, and the Russian Ministry of Finance.

The USA and EU have imposed large-scale sanctions against Russia.

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