Switzerland says banks cannot use Russia's frozen assets for their own purposes

“With frozen assets, actual portfolio management is not allowed, that is, attracting new investments, selling assets or changing revenue,” he told RIA Novosti.

Mayenfish added that any action that allows the management or use of the frozen assets is prohibited, except for normal administrative actions.

Earlier, the Swiss authorities reported that the transfer of Russian assets frozen in the country to Ukraine is impossible in accordance with the current legislation.