Switzerland has currently blocked Russian financial assets of CHF 7.5 billion plus 15 properties. That’s a fraction of Russian assets in Switzerland. Most of these assets, however, belong to people who are not on the sanctions list.
In the Swiss financial center there are reportable Russian customer deposits of 46 billion Swiss francs.
Gaetan Bally / Cornerstone
The West’s most economically significant sanctions against Russia concern trade, payments and the freeze of some $300 billion in central bank funds. Switzerland basically adopted EU sanctions. This also applies to the latest EU sanctions package, which includes the introduction of price caps on Russian petroleum products. It’s already the eighth sanctions package; the Federal Council decided on its acquisition last week.