OREANDA-NEWS  The value of Russian-related assets frozen by the Swiss authorities under sanctions has increased by 1.3 billion francs or one and a half billion dollars since April, citing data from the Swiss Secretary of State for the Economy (SECO), TASS reports.

The materials indicate that as of August 13, assets worth 7.1 billion francs, 17 real estate objects, as well as luxury cars and other objects belonging to individuals, companies and organizations under sanctions fell under the expanded blockade in the country. As the agency reminds, in April, the value of the assets of the Russian Federation frozen in Switzerland amounted to 5.8 billion francs.

It is noted that 1.3 billion are now blocked on a preliminary basis and such restrictions "can be lifted after careful clarification of the circumstances."

Earlier it became known that due to the partial lifting of EU sanctions and clarification of the origin of some funds, the Swiss authorities in 2023 unblocked assets related to the Russian Federation for 290 million francs, as well as following their own investigation and after detailed explanations from banks, they froze them for 580 million.