Switzerland to Freeze Russian Assets

“Switzerland, a favorite destination for Russian oligarchs and their money, announced on Monday that it would freeze Russian financial assets in the country, setting aside a deeply rooted tradition of neutrality to join the European Union and a growing number of nations seeking to penalize Russia for the invasion of Ukraine,” the New York Times reports.

“Switzerland said it was departing from its usual policy of neutrality because of ‘the unprecedented military attack by Russia on a sovereign European state,’ but expressed a willingness to help mediate in the conflict. It also joined European neighbors in closing its airspace to Russian aircraft, except for humanitarian or diplomatic purposes.”