The authorities of the Swiss Confederation do not have sufficient legal grounds to carry out any confiscation of frozen Russian assets.
This was reported on Tuesday, August 25 by RIA Novosti, referring to the press service of the Swiss State Secretariat for the Economy (SECO). They clarified that this applies to both private assets and those owned by the Central Bank of Russia.
The official representative of the department, Fabian Mayenfish, in response to a request from the publication, confirmed this information. He also spoke about answering the question whether legal proceedings are currently underway regarding the possible confiscation of frozen Russian assets.
"Currently, there are no legal grounds in Switzerland for the confiscation of Russian private assets obtained legally or assets of the Central Bank of Russia," said an official from Bern.
He said that the volume of frozen private Russian financial assets in the country has increased by more than 1 billion francs over the year. If in 2025 this amount was 7.4 billion francs, then by 2026 it reached 8.5 billion francs.
As reported by EADaily, earlier the Russian Embassy said that Switzerland, by increasing the amount of frozen Russian, violates the norms of international law and crosses out its neutral status.
To the sounds of tambourines, Nikol's doormat and incurable Merz: morning coffee with EADaily
The first European country announced a boycott of the Eurovision 2027 contest
Wife and daughter were sitting in the rear: Kellogg, who called for the mobilization of Ukrainians, lied
Putin allowed the selection of critical infrastructure facilities if they are not protected
Rescuers were not found at the attacked tanker with Russian oil: oil goes to sea
There is no optimism anymore — Ambassador EU on Ukraine about Russia's retaliatory strikes