The asset freeze now includes an additional 300 Russian individuals and 100 companies sanctioned by Switzerland over the past year.
The Swiss government has frozen an estimated $8.81 (7.7 billion Swiss francs) billion worth of Russian financial assets, Reuters reported on 1 December, representing a further tightening of economic sanctions on Moscow for its invasion of Ukraine.
The asset freeze now includes an additional 300 Russian individuals and 100 companies sanctioned by Switzerland over the past year, according to the State Secretariat for Economic Affairs (SECO).
While substantial, the frozen Russian funds constitute just a fraction of total wealth. According to the Swiss Bankers Association, Swiss banks hold an estimated $164 billion overall in Russian assets.
Voice of Ukraine 