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Sanctions on Russian oligarchs put focus on assets and art stowed away in Swiss freeports

Since the beginning of the war in Ukraine, the pressure on Russian owned assets all over Europe has ramped up dramatically. Adding up to an estimated 5% of the total wealth deposited in Swiss banks, some $150bn of Russian money is thought to be held in Switzerland. Of the 200 individuals associated with Vladimir Putin who were sanctioned by Washington in 2018, 30 have substantial assets in Switzerland.

READ MORE at https://www.theartnewspaper.com/2022/04/04/freeport-secrecy-veils-oligarch-art-assets