The Swiss government said Thursday that it is blocking assets worth 7.5 billion francs (about 7.6 billion euros) as a result of sanctions against Russia in retaliation for the military offensive launched last February.
The State Secretariat for Economic Affairs has updated these figures, which increase the 6.3 billion francs blocked until May and would be added to 15 other properties that have also been seized in six Swiss cantons, according to a statement.
Switzerland has adopted as its own the batteries of sanctions of the European Union and obliges Russian citizens to notify any deposit of more than 100,000 euros. More than 120 persons and entities have proceeded to this procedure and would add, according to the Government, more than 46 billion Swiss francs (about 46.7 billion euros).
The Secretary of State has clarified that «the level of frozen assets is not a direct measure of the effectiveness with which the sanctions are being applied», since it is «a snapshot» and the value «can fluctuate». The data known this Thursday, in fact, take as a snapshot last June 3.
