Switzerland Froze $8 Billion of Russian Financial Assets, Russians Held $50 Billion of Deposits & Estimated $160 Billion to $210 Billion of Wealth in Switzerland
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more
This site is for accredited investors, professional investors, investment managers and financial professionals only.
You should have assets around $3 million to $300 million or managing $20 million to $3 billion.
Switzerland Froze $8 Billion of Russian Financial Assets, Russians Held $50 Billion of Deposits & Estimated $160 Billion to $210 Billion of Wealth in Switzerland
4th December 2022 | Hong Kong
Switzerland State Secretariat for Economic Affairs (SECO) provided an update of $8 billion (CHF 7.5 billion, 1/12/22) of Russian financial assets frozen in Switzerland, with Russians holding around $50 billion (CHF 46.1 billion) of deposits (3/6/22) and $160 billion to $210 billion of wealth (CHF 150 billion to CHF 200 billion, estimates by Swiss Bankers Association) in Switzerland.Only bank deposits in Switzerland with more than CHF 100,000 are included in the update, and excludes securities.Switzerland officials are also looking into possible violation of the reporting rules.
The 2024 Investment Day
6th March Hong Kong | 13th March Singapore
Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 6th March 2024 in Hong Kong, 13th March 2024 in Singapore.
Visit | Register here
The 2024 Family Office Summit10th April Hong Kong | 24th April Singapore
Join 100+ single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here
“ Switzerland Freezes $8 Billion of Russian Financial Assets, Russians Held $50 Billion of Deposits & Estimated $160 Billion to $210 Billion of Wealth in Switzerland “
In November 2022, British crown dependency & tax haven Jersey apologised to Russian billionaire Roman Abramovich for conducting unlawful search on his properties in Jersey in April 2022 following imposed sanctions on him (after Russia military operations in Ukraine), and has agreed to pay damages & costs for the unlawful search and to destroy documents.
Earlier in November 2022,Germany police had raided UBS office in Frankfurt & Munich for money laundering & tax evasion, targeting at sanctioned Russian billionaire oligarch Alisher Usmanov.Russian billionaire Alisher Usmanov is estimated to have a personal fortune of $14 billion (2022).
In October 2022, Russian billionaire Alexey Mordashov (Age 57) $521 million Nord SuperYacht has docked near Hong Kong Victoria Harbour, with the Hong Kong government responding that Hong Kong is accountable to United Nations sanctions and not to individual country imposed sanctions such as by United States, United Kingdom or European Union.
7.5 billion of Russian assets have been frozen in Switzerland
Neutral Swiss join EU sanctions against Russia
Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.
Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more. List hard-to-find financial & private wealth services.
Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?