The amount of Russian assets blocked in Switzerland as of March 2025 has increased to 7.4 billion Swiss francs (8.4 billion USD), a representative of the State Secretariat for Economic Affairs (SECO) announced at a press conference.
According to SECO, the increase is due to the results of investigations, the content of which is not specified (1.7 billion francs), the increase in the value of frozen assets (320 million francs) and the expansion of sanctions (130 million francs). It is stated that the total amount of blocked assets was reduced by 510 million francs due to the approval of requests for exceptional unblocking, the loss of value of assets and the removal of a number of individuals from the sanctions list.
In August 2024, the amount of Russian assets frozen in the confederation amounted to 7.1 billion francs (8 billion USD).
This applies to real estate, cars, works of art, furniture and musical instruments. At the same time, the total amount of assets of the Central Bank of the Russian Federation immobilized in Switzerland remained unchanged compared to August 2024. - 7.2 billion francs (8.1 billion USD).
On March 20, SECO announced that the Swiss authorities had removed from the sanctions list Russian Sports Minister Mikhail Degtyarev, businessman Vyacheslav Kantor, former head of EuroChem Vladimir Rashevsky and businessman Alisher Usmanov's sister Gulbahor Ismailova. The list also removed former Chairman of the Council of Ministers of the USSR Nikolai Ryzhkov and military men Andrei Ermishko and Alexei Bolshakov, from whom the EU lifted sanctions on March 15 as deceased individuals.