Swiss authorities have no legal grounds to seize frozen Russian assets, whether private funds or reserves of the Central Bank of Russia. This was reported to RIA Novosti by the State Secretariat for Economic Affairs (SECO) of Switzerland.
Earlier, SECO informed the agency that the volume of frozen private financial assets from Russia in the country increased by more than a billion francs, rising from 7.4 billion in 2025 to 8.5 billion in 2026.
The assets of the Bank of Russia were frozen after the start of the Russian special operation in Ukraine in 2022. According to the Central Bank's estimate, the bulk of these funds, about 200 billion euros including lost profits, are placed in the largest European depositary Euroclear.
The Russian Foreign Ministry has repeatedly called the freezing of assets in Europe theft, emphasizing that the European Union pursues a goal not only regarding private individuals but also state funds. Foreign Minister Sergei Lavrov warned that Moscow would respond in case of confiscation of its assets.
Source: RIA Novosti