Ukraine Russia Conflict: Swiss report 6.3 billion Swiss francs in frozen Russian assets

The Swiss government on Thursday reported some 6.3 billion Swiss francs ($6.33 billion) worth of Russian assets frozen under sanctions introduced to punish Moscow’s invasion of Ukraine. “On April 7, 7.5 billion francs were frozen. Since then, a further 2.2 billion francs have been reported (frozen), but 3.4 billion in provisionally frozen assets were released,” Erwin Bollinger, a senior official at the State Secretariat for Economic Affairs (SECO) agency overseeing sanctions, told journalists.

Meanwhile, Russia on 24th February launched its invasion of Ukraine. And, according to the latest updates, A Ukrainian commander in Mariupol has appealed directly to Elon Musk, asking the world’s richest man to intervene on behalf of those trapped by Russian forces in control of the southern city. Ukraine has said it will suspend the flow of gas through a transit point that it says delivers almost a third of the fuel piped from Russia to Europe through Ukraine. Also, Ukraine claimed it has recaptured Pytomnyk, a village north of Kharkiv, about halfway to the Russian border. However, Finland’s president, Sauli Niinisto, is expected to give a green light on Thursday for the country to join the NATO military alliance, while Sweden is expected to do so in the coming days.