They noted that Switzerland cooperates at a technical level on the issue of sanctions implementation and therefore there is no need to formally join the international group for the search for Russian assets (REPO).
The department also reminded that Swiss central securities depositories do not hold funds from the Central Bank of the Russian Federation. At the same time, the total volume of reserves and assets of the Central Bank located in Switzerland is approximately 7.4 billion Swiss francs; Any financial transaction with this money is prohibited, the publication says.
Previously, the head of European diplomacy, Josep Borrell, announced plans to allocate 90% of frozen Russian assets to the purchase of weapons for kyiv and transfer another 10% to the EU budget to finance Ukraine’s defense industry.
The Kremlin promised to find methods to respond to the European Union’s decision to seize frozen assets.
