Switzerland has frozen an additional 1.6 billion Swiss francs in Russian assets, bringing the total to 7.4 billion francs as of March 2025. This increase is due to new investigations and asset freezes, according to the State Secretariat for Economic Affairs (Seco).

The measures are part of sanctions against Russia following its military aggression in Ukraine.

The frozen assets include properties, luxury vehicles, artworks, and financial reserves linked to sanctioned individuals and organizations.

While some funds were released due to legal requirements, others were added or adjusted due to value fluctuations.

Switzerland has also blocked 7.45 billion francs in reserves from Russia’s central bank.

These actions align with the Swiss government’s decision to adopt EU sanctions against Russia in February 2022.