Swiss banks introduce commissions on blocked assets of Russians – Kommersant
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Some large Swiss banks are charging commissions on frozen assets of Russians, sources said “Vedomosti”. One of the interlocutors knows the case of accrual of commissions for years in advance.
“The idea is that there is an account, it needs to be serviced, it doesn’t matter that a person cannot use the service, in fact it is still provided,” a source told the newspaper. Two other sources have heard of commissions being added, but not for years to come.
PostFinance told Vedomosti that it does not charge commissions on blocked assets. Raiffeisen did not disclose information about “how business relations affected by anti-Russian sanctions are regulated” due to confidentiality. Julius Baer declined to comment, and UBS, Zurich Cantonal Bank, Vontobel and Pictet Group did not respond to requests.
In Switzerland frozen Russian assets worth 7.7 billion Swiss francs ($8.8 billion). In December 2022, assets worth 7.5 billion francs were blocked. Over the past 12 months, 300 people and 100 companies have been added to the sanctions list.
About assistance to Ukraine from Switzerland – in the Kommersant material “The Swiss President felt anxious”.
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