Music hits 12:30pm - 10:00pm

Listen Live

Search

Govt looking to return seized cash to Ukraine

Friday, 27 May 2022 06:30

The government is looking to return CHF 100m to Ukraine after it was seized from the former president Viktor Yanukovich who was ousted in the 2014 revolution.

The move is separate from the sanctions placed on Russian assets and people.

Under the law, the frozen assets can be sent back to the original country – but that country has to formally ask for them.

The Finance Ministry says that was very difficult for Ukraine over the last few weeks – but now conditions may improve which will allow for a formal request. 

Share

More from Bitesize News

  • Citizenship remains one of the hardest on continent

    The Council of States has rejected a popular initiative that would have let foreigners apply for citizenship after just five years, closing the parliamentary door on the biggest attempt in years to loosen one of Europe's strictest naturalisation regimes

  • More gun crime in Annemasse

    Seven people are in French police custody after a shooting Monday evening at a drug-dealing spot in Ville-la-Grand, on the edge of Annemasse

  • Geneva land ownership change

    The canton of Geneva is set to become the sole owner of the land beneath Stade de Genève, buying out a parcel held by federal railways CFF for CHF 15.84 million

  • Agriculture warning after record breaking summer

    Farmers warn that another summer like this one would eat through their remaining reserves and force cuts to herds and crops

  • SNB interest rate stable

    The Swiss National Bank has kept its key interest rate at zero, sticking with a policy that has held since June 2025 even as oil-driven inflation ticks higher

  • Phone company going to court

    A Swisscom technician who spent 38 years at the company says he was fired for helping his 80-year-old neighbour cancel a subscription she never wanted

Follow WRS

Download our app

  • Available on the App Store
  • Available on Google Play