Tuesday 19 August 2014

Ukraine Seeks Swiss Help in Recovering Former Regime's Frozen Assets - WSJ

Ukraine Seeks Swiss Help in Recovering Former Regime's Frozen Assets - WSJ:



"Ukraine has asked Switzerland for help in recovering assets moved to the Alpine country by members of ousted leader Viktor Yanukovych's inner circle, according to a Swiss official.



Since the start of the summer, Switzerland's justice department has received three requests for assistance in repatriating the assets, spokesman Folco Galli said. The requests concern funds linked to the 19 members of Mr. Yanukovych's entourage, rather than to the former Ukrainian leader himself, Mr. Galli said.



 In February, Switzerland froze the assets of the group of Ukrainians, which includes Mr. Yanukovych's son, Oleksandr. Authorities haven't released the total value of the assets, but Swiss newspapers have reported they are worth roughly 100 million Swiss francs ($110 million)."



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