Credit Suisse freezes Russian assets worth more than $19 billion

This is reported by the publication SonntagsZeitung with reference to information received from the bank.

According to RIA Novosti, about $50 billion of Russian funds have been declared in Switzerland.

“CS says it has blocked or frozen Russian assets worth 17.6 billion Swiss francs.

This is more than a third of all registered Russian assets in Switzerland,” the article says.

Earlier, the head of the Central Bank, Elvira Nabiullina, said that the Bank of Russia would continue to work on unblocking frozen Russian assets.

At the end of January, the head of investment financial intermediaries of the Central Bank of Russia, Olga Shishlyannikova, announced that the volume of assets of Russian investors blocked in foreign infrastructure was estimated at 5.7 trillion rubles as of November 30.