Over CHF 130 million from entourage of former Ukrainian President Yanukovych targeted in confiscation proceedings
Bern, 15.2.2023 - At its meeting on 15 February 2023, the Federal Council decided to launch administrative proceedings to confiscate assets frozen in Switzerland following the Ukrainian revolution in February 2014. The confiscation proceedings in Switzerland will apply to all the assets liable to confiscation – in total over CHF 130 million. In taking this action, Switzerland is supporting Ukraine. Today's decision is entirely unrelated to the sanctions against Russia adopted in 2022.