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.

End

05.06.2018 09:07
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 75.1483 -0.0342 22 nov
USD 65.9485 +0.3614 22 nov
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1127.42 +0.95 18:50 21 nov
micex 2357.97 +0.70 18:50 21 nov
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 152.40 +0.59 18:49 21 nov
lkoh 4800.00 -0.20 18:49 21 nov
rosn 411.85 -0.41 18:49 21 nov
sber 197.50 +1.69 18:49 21 nov
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 75.1800 +0.2075 14:59 21 nov
USDTD 65.8250 +0.0775 17:44 21 nov