Currently, Switzerland has frozen Russian financial assets worth 7.4 billion francs, which is 1.6 billion more than the previous year. Additionally, assets of the Russian Central Bank amounting to 7.45 billion francs have also been blocked.
This was reported by the Swiss Ministry of Economy (SECO) on Tuesday.
"The value of frozen assets related to sanctions against Russia as of March 31, 2025, stands at 7.4 billion Swiss francs. Compared to the figures published in April 2024, this is an increase of 1.6 billion francs," the statement reads.
Moreover, 14 real estate properties have been "frozen," along with cars, planes, artworks, furniture, and tools belonging to sanctioned individuals, companies, and organizations.
"As part of monitoring individual financial sanctions, SECO requested an annual update of data from financial intermediaries. The results showed that the value of frozen financial assets increased by 1.6 billion francs compared to the data published in April 2024. This increase is due to the identification and freezing of additional assets," the ministry added.
Switzerland’s sanctions list, in connection with Russia’s military aggression against Ukraine, is identical to the EU list.
"The frozen assets should be distinguished from the reserves and assets of the Central Bank of the Russian Federation held in Switzerland, with a total value, based on the current exchange rate, amounting to 7.45 billion francs. Any transactions related to the management of the reserves and assets of the Russian Central Bank have been prohibited (immobilized) since March 25, 2022," the Swiss Ministry of Economy concluded.
