No money goes from Switzerland to Ukraine from Russian state assets
Published: Friday, Jul 26th 2024, 18:00
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No money from Russian state assets is flowing from Switzerland to Ukraine. While the EU announced interest income from frozen Russian state assets for the defense and reconstruction of Ukraine for the first time on Friday, Switzerland is in a different situation, according to Seco.
In contrast to the EU, "no extraordinary income is generated in Switzerland in connection with Russian central bank funds", as the State Secretariat for Economic Affairs (Seco) explained at the request of the Keystone-SDA news agency.
EU Commission President Ursula von der Leyen announced a transfer of 1.5 billion euros to Ukraine in Brussels on Friday.
The money in question is interest income from frozen assets of the Russian central bank in the EU. The EU had already decided in principle to use this money for Ukraine in the spring. The money is now flowing to countries such as Germany and the Czech Republic, which will soon use it to provide Ukraine with air defense equipment or artillery shells.
According to the EU Commission, around 210 billion euros from the Russian central bank are frozen in the EU. The Brussels-based financial institution Euroclear recently announced that it had collected around 4.4 billion euros in interest in 2023.
©Keystone/SDA
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