Credit Suisse bank after the start of Russia’s full-scale invasion of Russia froze Russian assets in the amount of about $ 19 billion, reports Tages-ANzeiger.
The publication writes that at present in Credit Suisse there are Russian assets frozen by decision of the bank worth more than 17.6 billion Swiss francs (about $ 19 billion). This amount, according to affordable estimates, is at least a third of all Russian assets in Switzerland (about 46 billion francs).
Assets frozen in the bank only partially (4 billion of the francs out of 17.6) fall under the sanctions of the European Union imposed on the defendants from the Russian Federation, the publication reports. The remaining restrictions were introduced for the defendants who are under the sanctions of other jurisdictions – for example, US Treasury. The newspaper suggests that part of the funds frozen in the bank belongs to the Central Bank of the Russian Federation or directly to the Russian government.