Ukraine urges Switzerland to clamp down on Russian money
Date
3/28/2022 1:22:56 AM
(MENAFN- Swissinfo)
Zelensky's advisor, Alexander Rodnyansky, said that for Ukraine, it's“vital” that Switzerland contributes to international pressure on Russia so the war will end. © Keystone/gabriel Monnet
An advisor to Ukrainian President Volodymyr Zelensky says the Swiss should be more proactive in looking for Russian funds. But according to a legal expert, current regulations do not allow authorities or banks to do more active searches beyond what's in their current registers.
This content was published on March 27, 2022 - 12:52 March 27, 2022 - 12:52 Keystone-SDA/swissinfo.ch/gw
- Pусский
(ru)
Украина призывает Швейцарию активнее искать российские деньги
Zelensky's advisor, Alexander Rodnyansky, said that for Ukraine, it's“vital” that Switzerland contributes to international pressure on Russia so the war will end. The Alpine country can make a big impact when it comes to sanctions imposed on wealthy Russians, Rodnyansky said in an interviewExternal link with the newspaper Sonntagsblick.
“We all know there is a huge amount of money [belonging to] the Russian elite sitting in Swiss banks,' he said. The reporting obligation currently in force is not enough, he added – Switzerland, like other countries, must actively look for these assets.
To date, the small European state has blocked funds totalling CHF5.75 billion ($6.2 billion). But this figure does not match estimates reported by various sources of the total amount held by Russians in Switzerland, Erwin Bollinger of the State Secretariat for Economic Affairs (SECO) told the media on Thursday. Not all persons on the sanctions list have assets in Switzerland, and not every Russian who owns assets in Switzerland is on the sanctions list, he explained.
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