The week-long war between Russia and Ukraine is now crossing military borders and turning into an economic war. America and European countries, while implementing economic sanctions on Russia, have also issued an exercise to remove it from the international banking system. After that the Russian currency ruble has weakened considerably. In this sequence, now full news for Russia is also coming from Switzerland.
According to media reports, the Federal Council of Switzerland announced through a press release on Monday that the assets of people of Russian origin and companies in Swiss banks are being seized. The statement issued by the council even mentioned that Russians whose properties have been decided to be sealed include Russian President Vladimir Putin, Prime Minister and Foreign Minister Sergei Lavrov.
An explanation has also come from Russia after Switzerland announced to seal the properties of the people of Russia. News agency PTI quoted Kremlin sources as saying that President Putin does not have any assets abroad. Significantly, Switzerland has banned all flights coming from Russia from entering its airspace from 3:00 pm on Monday. According to the New York Times report, in 2020, according to the data of the Swiss National Bank, about $ 11 billion of Russian companies and wealthy people there were deposited in Swiss banks. However, it should be noted that Switzerland has not yet banned commodity trading by Russia. It is believed that 80% of Russia’s commodity trading is done through financial service centers in Switzerland.