Switzerland plans to confiscate more than $140 million (130 million francs) from the entourage of former Ukrainian President Yanukovych as a sign of support for Kiev, RIA Novosti reported, according to a statement published on the website of the Swiss Foreign Ministry.
"At its meeting on February 15, 2023, the Federal Council decided to start new administrative procedures for the confiscation of assets blocked in Switzerland after the February 2014 Ukrainian revolution. All assets that can be confiscated - more than 130 million francs in total - will be subject to confiscation procedures in Switzerland," the document said. The office specifies that these sanctions are not related to the Russian sanctions imposed on Russia after February 24, 2022, and that it is a sign of support for Ukraine.
"These assets will remain blocked until the Swiss administrative justice makes a final decision to confiscate them. If the assets are finally confiscated, they will be returned for the benefit of the people of Ukraine as part of an international agreement," the country's Foreign Ministry adds.
Swiss MFA announces plans to confiscate over $140 million from Yanukovych's entourage

Topic
Location
















