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Swiss government reports 6.3 billion Swiss francs of Russian assets frozen

Figure marks a decrease from roughly 7.5 billion Swiss francs in funds

Erwin Bollinger Twitter/@Martin_Dahinden

Reuters
Zurich | Published 13.05.22, 01:26 AM

The Swiss government on Thursday reported 6.3 billion Swiss francs ($6.33 billion) worth of Russian assets frozen under sanctions to punish Moscow’s invasion of Ukraine, a drop from early April as around 3.4 billion francs in provisionally blocked assets were released.

The figure marked a decrease from roughly 7.5 billion Swiss francs in funds the government reported frozen on April 7. Government official Erwin Bollinger pointed to fewer funds — 2.2 billion francs — newly frozen than those that had been released.

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“We can’t freeze funds if we do not have sufficient grounds,” Bollinger, an official at the State Secretariat for Economic Affairs overseeing sanctions, said.

Mount Everest File Picture

Everest conqueror

Kathmandu: A 48-year-old Nepali woman scaled Mount Everest for the 10th time on Thursday, breaking her own record for the most summits of the world’s highest mountain by a female climber, her hiking company said.

Lhakpa Sherpa last climbed the 8,848.86-metre mountain in 2018. A fellow Nepali, Kami Rita Sherpa, holds the men’s record of 26 climbs.

Reuters

Erwin Bollinger Switzerland Russia
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