Switzerland has no plans to joint REPO to freeze Russians' assets

ZURICH, Apr 19 (PRIME) -- Switzerland has no plans to join international group REPO (Russian Elites, Proxies, and Oligarchs task force) searching and arresting Russians’ foreign assets at the current stage, the Federal Department of Economic Affairs, Education and Research said on Wednesday.

"The REPO Task Force was set up on 17 March 2022 by the G7 countries (Canada, France, Germany, Italy, Japan, the U.K. and the U.S.) and the E.U. together with Australia on the basis of a ministerial declaration. No other countries have joined the REPO Task Force to date,” the document read.

“Cooperation at the technical level is running smoothly, and Switzerland therefore sees no need to formally join the REPO Task Force at present."

Switzerland earlier blocked U.S. $8.1 billion of Russian assets and joined almost all European sanctions against Russia.

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