Switzerland has frozen Syrian assets worth around CHF 99 million ($112 million). The State Secretariat for Economic Affairs confirmed a corresponding media report in the Neue Zürcher Zeitung published on Tuesday. The Swiss government first issued the ordinance on measures against Syria on May 18, 2011. At the time, Switzerland joined the sanctions imposed on Syria by the European Union (EU). These were imposed due to the violent repression of the civilian population by the Syrian armed and security forces. +Get the most important news from Switzerland in your inbox As long as the EU sanctions against Syria remain in place, Switzerland can also maintain its sanctions, according to the State Secretariat for Economic Affairs (Seco). Switzerland is following the situation closely, including developments in the EU. Comparatively little of the Assad regime's money is held in Swiss bank accounts. One reason for this, in addition to the sanctions in place since 2011, is the withdrawal of ...
