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27 July 2024: EU releases €1.5B frozen assets to Ukraine: Switzerland opts out


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    On Friday, the European Union (EU) announced the release of €1.5 billion (CHF1.44 billion) in aid to Ukraine. This marks the first instalment from the profits generated by Russian assets frozen in response to the war that began in 2022. Switzerland will not follow the EU's approach. [...]

    As of April 2024, the total value of assets from the Central Bank of the Russian Federation frozen in Switzerland was just over CHF7 billion. These funds are separate from those frozen assets owned by individuals or companies linked to Russia.






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