Date: 11 months ago   Category: Economy

Switzerland has frozen the assets connected with Russia for $5 billion


The division on management of assets of Credit Suisse has frozen the assets connected with Russia for the sum of 5,1 billion francs ($5 billion) in connection with the imposed USA against the country with sanctions, reports the Bloomberg agency with reference to the quarter reporting of the Swiss bank.

B was said to her that growth of assets under management has been partially leveled by "the structural consequences first of all reflecting influence of sanctions of the USA connected with Russia". On Wednesday the bank has confirmed the size of the sum specified in the quarterly report.

"Works as Credit Suisse with the international regulators everywhere where we have a business to provide observance of sanctions, including observance of the sanctions connected with Russia", - the representative of bank has said.

the Total amount of assets under control of the international division of bank in the second quarter made 370,7 billion francs in comparison with 369,7 billion francs for the end of the first quarter of this year and 336,4 billion francs for the end of June, 2017, is reported in the reporting.

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