Report: Swiss banks block 1 bln Sfr accounts of Vekselberg - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Report: Swiss banks block 1 bln Sfr accounts of Vekselberg

MOSCOW, Jun 5 (PRIME) -- Swiss banks have blocked 1 billion Swiss francs worth of personal accounts of Russian businessman Viktor Vekselberg, co-owner of multi-industry holding Renova Group, on concerns over possible U.S. sanctions, Forbes reported late on Monday citing Schweiz am Wochenende newspaper.

Renova’s lawyers are already preparing suits against the banks and their staff, but experts expect little success, Forbes said quoting a source with Renova.

The source also said that the money was blocked not only by public banks like UBS and Credit Suisse, but also by private banks, including Julius Baer.

According to Schweiz am Wochenende, all accounts were opened in compliance with the local legislation. The newspaper’s sources said that both civil and criminal suits may be filed against the banks’ personnel responsible for the move.

Besides Vekselberg’s private accounts, the banks blocked the businessman’s access to his stakes in Swiss Sulzer, OC Oerlikon and Schmolz + Bickenbach.

On April 6, the U.S. imposed sanctions against 38 Russian tycoons, officials and companies including Vekselberg.


05.06.2018 09:07
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 75.2492 +0.2021 16 feb
USD 66.7044 +0.1615 16 feb
Stock Market Indices
1D 1W 1M 1Y
rtsi 1177.50 +1.83 18:50 15 feb
micex 2490.16 +1.19 18:50 15 feb
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 159.04 +2.51 18:49 15 feb
lkoh 5426.00 +1.22 18:49 15 feb
rosn 403.50 +2.19 18:49 15 feb
sber 208.00 +1.75 18:49 15 feb
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 75.1800 -0.2300 14:59 15 feb
USDTD 66.5875 -0.3200 17:44 15 feb