The Swiss bank Credit Suisse, Switzerland’s second-largest bank, has blocked Russian assets worth more than 19 billion dollars (17.6 billion Swiss francs), which is a third of all declared Russian assets in Switzerland.
Of the amount blocked by the bank, only 4.32 billion belong to persons previously included in the sanctions list by the Swiss authorities. The remaining 14.7 billion dollars concern persons who have been sanctioned in other countries. In addition, Credit Suisse froze the funds of the Russian Central Bank.
It is noted that earlier the State Secretariat of the Economy of Switzerland announced the blocking of Russian assets in the amount of 8.1 billion dollars and 15 real estate objects. The blocking of Russian assets took place within the framework of sanctions imposed on the Russian Federation due to a full-scale invasion of Ukraine.