Switzerland Releases Some Frozen Russian Funds

Swiss officials have confirmed they have released around $6.33BN in sanctioned Russian assets, explaining “we can’t freeze funds if we don’t have sufficient grounds.”

President Ignazio Cassis demanded Sec State Anthony Blinked directly correct the misleading impression from govt-backed commission accusations that Switzerland had become a “leading enabler of Russian dictator Vladimir Putin."

Swiss banks reportedly hold around $213 billion in Russian wealth, but laws dictate they must release funds if the specific origin of the funds cannot be categorically ascertained.

Seizures suddenly looking illegal again?

Wrong move

From time immemorial its been a hideout for loots , the Switzs dont have any other main means of funding apart from banking and deposits, if this sanctions make them look untrustworthy their economy and reputation for trust of deposits would be ruined, the country would collapse, russia is actually the most powerful country in little Europe