Switzerland cracks down on assets linked to the Russian Federation for another $1.5B

Switzerland has continued to crack down on assets linked to the Russian Federation, announcing the provisional freeze of an additional $1.5 billion.
The State Secretariat for the Economy confirmed that "in some cases, assets are blocked as a precautionary measure." This move comes as the country's efforts to implement sanctions against the Russian Federation have resulted in the freezing of assets worth 1.3 billion Swiss francs ($1.5 billion) since April.