Asset Freeze

Switzerland Freezes Maduro’s Assets: Neutrality Under Scrutiny

The Swiss government has imposed an immediate freeze on assets held in Switzerland by Nicolas Maduro and 37 individuals connected to the Venezuelan president. This action aims to prevent the potential transfer of illegally acquired assets and will remain in effect for four years. The Swiss Foreign Ministry confirmed the freeze, emphasizing the possibility of future legal proceedings related to the Maduro administration’s potential loss of power. This marks the first time Switzerland has directly sanctioned Maduro and his associates, supplementing existing measures against Venezuela from 2018.

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Swiss Freeze on Russian Assets Reaches $8.4 Billion

Switzerland has frozen CHF7.4 billion ($8.4 billion) in Russian assets, a CHF1.6 billion increase from the previous year. This rise reflects the identification and subsequent freezing of additional assets. Furthermore, 14 real estate properties belonging to sanctioned individuals and entities have been seized. Criminal proceedings have been initiated by the Swiss Attorney General following a SECO investigation, resulting in an additional CHF1.65 billion in super-provisional asset freezes.

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