The Swiss government announced on Tuesday that the value of Russian assets frozen in the country has risen to 7.4 billion Swiss francs ($8.38 billion) by the end of March 2025, up from 5.8 billion francs last year, due to newly identified funds and ongoing investigations into sanctions violations.
The Swiss government has reported a significant increase in the value of Russian assets frozen within the country, reaching 7.4 billion Swiss francs ($8.38 billion) by March 2025, up from 5.8 billion francs the previous year. Officials attribute the rise to the identification and blocking of additional funds.
According to ISNA, the Swiss economy ministry linked much of this increase to a criminal investigation by the Swiss attorney general’s office into alleged sanctions violations and money laundering. While the ministry did not disclose specific details regarding the individuals or entities involved, it referenced an ongoing case that became public in August 2024. At that time, Swiss media, including Le Temps, reported that Switzerland had seized 1.3 billion francs and was investigating four individuals connected to sanctioned Russian billionaire Suleiman Karimov.
The economy ministry also noted that multiple cases are under investigation involving potential sanctions breaches by Swiss companies using foreign subsidiaries in the goods sector. Among the frozen assets are real estate, luxury vehicles, private aircraft, and valuable artworks.
Switzerland, traditionally known for its neutral stance, has faced increasing international pressure to prevent sanctions circumvention, particularly following Russia’s invasion of Ukraine in February 2022.
Russian President Vladimir Putin and U.S. President Donald Trump are set to hold a phone conversation today at 17:00 Moscow time, with the discussion expected to reflect the outcomes of recent negotiations held in Istanbul.
Israeli Prime Minister Benjamin Netanyahu announced on Monday that Israel would assume full control over Gaza, vowing to prevent the militant group Hamas from looting essential humanitarian aid.
Azerbaijan's delegation, led by Deputy Prime Minister Shahin Mustafayev, participated in the 16th International Economic Forum “Russia-Islamic World: Kazan Forum-2025,” focusing on digitalization and expanding cooperation opportunities.
This week in Geneva, representatives from almost every country will gather for the World Health Assembly, focusing on major budget cuts and a new agreement to tackle COVID-level health threats.
Georgian President Mikheil Kavelashvili is set to meet with Pope Leo XIV on Monday at the Vatican, the president announced earlier today.
The United Kingdom and the European Union are holding their first official summit since Brexit on Monday, as Prime Minister Keir Starmer hosts European Commission President Ursula von der Leyen and other senior EU officials in London.
Russian President Vladimir Putin and U.S. President Donald Trump are set to hold a phone conversation today at 17:00 Moscow time, with the discussion expected to reflect the outcomes of recent negotiations held in Istanbul.
Azerbaijan's delegation, led by Deputy Prime Minister Shahin Mustafayev, participated in the 16th International Economic Forum “Russia-Islamic World: Kazan Forum-2025,” focusing on digitalization and expanding cooperation opportunities.
Azerbaijani authorities have detained and repatriated a group of citizens allegedly involved in international terrorist activities.
This week in Geneva, representatives from almost every country will gather for the World Health Assembly, focusing on major budget cuts and a new agreement to tackle COVID-level health threats.
Ukrainian President Volodymyr Zelenskyy met Turkish President Recep Tayyip Erdogan in Ankara on May 15, with discussions reportedly focusing on upcoming peace talks between Ukrainian and Russian delegates in Istanbul.
Israeli Prime Minister Benjamin Netanyahu said the war in Gaza will not stop until Hamas is destroyed, following the release of US-Israeli soldier Edan Alexander.
Qatar signed a landmark agreement with U.S. aerospace giant Boeing on Wednesday to acquire 160 aircraft for Qatar Airways, a deal valued at $200 billion. The signing took place in Doha during the visit of U.S. President Donald Trump.
Ukrainian and Russian delegations meet behind closed doors at Istanbul’s Dolmabahçe Palace at 10:00 local time today to explore security guarantees, territorial integrity and a possible ceasefire.
EU approves 17th Russia sanctions, blacklisting almost 200 shadow‑fleet ships, 30 evasion firms and 75 defence figures, banning missile chemicals and arming Brussels to strike Kremlin hybrid and operations.
Asian markets began the week on a cautious note Monday as softer-than-expected Chinese retail sales data and growing uncertainty over U.S. economic and trade policy pressured sentiment across global equities and currency markets.
Kazakhstan is taking concrete steps toward the development of its first nuclear power plant, with the country now in the pre-project phase, according to Rinat Okasov, Deputy Director General of Kazakhstan Nuclear Power Plants LLP (KAEŞ).
Nvidia (NASDAQ: NVDA) announced a significant move to expand its influence in AI hardware on Monday, revealing plans to sell its NVLink Fusion technology to other chipmakers, enabling faster communication between artificial intelligence (AI) chips.
China's factory output in April showed surprising resilience in the face of heightened U.S. tariffs, offering a rare bright spot in a month otherwise marked by sluggish consumer spending and a persistent property sector slump, according to data released Monday by the National Bureau of Statistics.
Global markets opened the week under pressure, with Asian equities broadly lower after disappointing Chinese retail sales data added to mounting concerns over Beijing’s ability—or willingness—to pivot from its traditional export-led growth model to one fueled by domestic consumption.
The United Kingdom and the European Union are holding their first official summit since Brexit on Monday, as Prime Minister Keir Starmer hosts European Commission President Ursula von der Leyen and other senior EU officials in London.
Russian President Vladimir Putin and U.S. President Donald Trump are set to hold a phone conversation today at 17:00 Moscow time, with the discussion expected to reflect the outcomes of recent negotiations held in Istanbul.
Azerbaijan's delegation, led by Deputy Prime Minister Shahin Mustafayev, participated in the 16th International Economic Forum “Russia-Islamic World: Kazan Forum-2025,” focusing on digitalization and expanding cooperation opportunities.
Azerbaijani authorities have detained and repatriated a group of citizens allegedly involved in international terrorist activities.
This week in Geneva, representatives from almost every country will gather for the World Health Assembly, focusing on major budget cuts and a new agreement to tackle COVID-level health threats.
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