Site icon Baltimore Chronicle

Switzerland Refused to Transfer Profits from Frozen Russian Assets to Ukraine — Media

Previously, the Swiss Upper House of Parliament approved the government’s proposal to provide Ukraine with frozen Russian assets ($8.8 billion) after the creation of a legal mechanism providing for the transfer of funds/assets of the Central Bank of the Russian Federation/its state-owned companies in favor of the affected states, however, something went wrong.

11 0

Photo – reuters.com

As NBN reports with a link from the local broadcaster Swissinfo, which published a response from the State Secretariat for Economic Affairs, Bern, unlike Brussels, does not intend to confiscate income from frozen assets for Kiev of the aggressor country, transferred for safekeeping to Swiss financial institutions.

The Swiss department emphasized that in accordance with the norms of local legislation and international obligations, Bern does not seek to receive any extraordinary income from the funds of the Russian bank-regulator .

However, on the eve of July 27, the head of the European Commission Ursula von der Leyen informed that 1.5 billion euros of income from the frozen assets of the terrorist state were transferred to Ukraine for defense needs and the process of restoring the infrastructure of Ukraine.

Earlier, we wrote about that the US Department of the Treasury announced the time frame in which Ukraine will receive $50 billion from frozen assets of the Russian Federation.

nbnews.com.ua

Exit mobile version