Switzerland Extends Asset Freeze Regarding Yanukovych
The purpose of this decision is to support legal mutual assistance between Switzerland and Ukraine
The Federal Council of Switzerland decided to freeze for another year the assets of former Ukrainian President Viktor Yanukovych and his entourage today (Dec. 13).
“Today, the Swiss Federal Council decided to extend for one year the preventive freeze on the assets of ousted President Yanukovych and his entourage (approx. CHF 70 million),” The Swiss Embassy in Ukraine stated.
The embassy also added that the purpose of this decision is to support the judicial cooperation between Switzerland and Ukraine.
As reported, because of the political crisis in Ukraine in February 2014, the Federal Council of Switzerland announced it would freeze the accounts of Yanukovych and his entourage. Since then, the Swiss Council continued to freeze these assets each year.