Date: 4 weeks ago   Category: Finance

Credit Suisse has frozen $5 billion connected with Russia — Rambler News Service


Photo: globallookpress.com/imago stock&people One of the largest banks of Switzerland, Credit Suisse, has frozen money on the accounts linked with Russia for the sum of 5 billion Swiss francs (about $5 billion) to avoid hit under sanctions of the USA, Reuters with reference to data of bank reports. Freezing of means has taken place in the II quarter. "Credit Suisse where he ran business, works with the international regulators to provide observance of sanctions, including observance of the sanctions connected with Russia" — the agency cites words of the representative of bank. In spite of the fact that sanctions of the USA don't work in Switzerland because of her neutral status, notes the agency, the Swiss banks are obliged to follow them as depend on access to dollar. Two other large Swiss banks — UBS and Julius Baer — have also stated that they respect the international sanctions, however have refused to report whether they accepted similar steps.

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