EN|RU|UK
  941

 Switzerland extends seizure of Yanukovych's assets for one year

The Swiss Federal Council has extended the seizure of assets of fugitive Ukrainian President Viktor Yanukovych.

Censor.NET reports citing the Swiss government press service.

"At its session on Dec. 9, 2016 the Federal Council decided to extend by one year the freezing of all the assets in Switzerland of ousted presidents Ben Ali (Tunisia), Mubarak (Egypt) and Yanukovych (Ukraine) as well as of politically exposed members of their entourages and other persons closely associated with them," the statement notes without listing the allies of the former leaders.

The aim of this decision, according to the government, is to give more time for the criminal investigations under way and to support judicial cooperation with the countries concerned.

Read more: "I haven't disavowed my presidential commitments," - Yanukovych

Yanukovych's 70 million Swiss francs (almost $70 million) have been frozen since 2014. In Ukraine, the Prosecutor General's Office seized Yanukovych's assets amounting to about $127 million. Ukraine's State Financial Monitoring Service, in turn, froze the funds of 19 non-resident companies associated with the entourage of the former Ukrainian president, amounting to $1.34 billion.

Yanukovych himself argues he has never deposited money abroad.

Read more: Switzerland imposes sanctions against six Russian 'lawmakers' elected in occupied Crimea
   
 up