The Swiss authorities do not consider it possible to use the frozen assets of the Bank of Russia to restore Ukraine, TASS reports citing a statement by the Swiss State Secretariat for Economics (SECO).
At the same time, the head of the department’s information service, Antje Bertschi, stressed that Bern is closely following discussions on this topic in the European Union.
As the agency notes, on May 10, SECO told RIA Novosti that they “theoretically” allow the transfer of assets of the Central Bank for the restoration of Ukraine. At the same time, they noted that discussions on this topic are ongoing and nothing has been decided yet. At the same time, Bertschi noted in her comment that media reports “represent a misinterpretation of the May 10 press release.” According to her, the press release says only that discussions continue in the EU about the use of the assets of the Russian Central Bank, and Switzerland is closely following these discussions.
Recall that in December 2022, the Swiss authorities announced that since February 2022 they had frozen Russian assets in the amount of 7.5 billion Swiss francs, or about $7.95 billion.
Source: Rosbalt
Mario Twitchell is an accomplished author and journalist, known for his insightful and thought-provoking writing on a wide range of topics including general and opinion. He currently works as a writer at 247 news agency, where he has established himself as a respected voice in the industry.
