Viktor Yanukovych assets in Switzerland to remain frozen for another three years
The assets of former president of Ukraine Viktor Yanukovych
and his entourage will remain frozen in Switzerland for another three years.
“Seven years ago, the Swiss Federal Council decided to
freeze all assets of Viktor Yanukovych and his entourage in Switzerland. In
taking this measure, the Swiss Government wished to avoid any risk of
misappropriation of Ukrainian state assets,” the Embassy of Switzerland in
Ukraine posted on Twitter.
The Embassy noted that since then, the Swiss authorities had
been closely cooperating with the Ukrainian counterparts in order to complete
the process of restitution of these assets to the Ukrainian people following
court rulings on their illicit origin.
“By Switzerland’s law, the maximum duration of such a freeze
is limited to 10 years,” the Embassy reminded.
As reported, on December 13, the Swiss Federal Council
extended for another year preventive freezing of the assets of former president
Yanukovych and his entourage.
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