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The Swiss Ministry of Economy has denied banks the right to use the frozen assets of the Russian Federation

October 5, 2025

Banks in Switzerland will not be able to manage assets from Russia, which were previously frozen. The corresponding statement was made by the press officer of the Swiss State Secretariat for Economic Affairs (SECO) Fabian Mayenfisch. His words convey RIA News .The official said that financial institutions do not have the right to manage frozen assets. The prohibition includes the inability to attract new investment, sell assets or otherwise.Western countries have previously blocked a significant portion of foreign assets held by Russians and Russian organizations. Some of the hostile countries supported the idea of ​​transferring these assets to Ukraine.

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