The fate of 99 million Syrian assets in Switzerland in question

Published on December 11, 2024 at 7:01 p.m. / Modified on December 11, 2024 at 7:02 p.m.

2 mins. reading

The State Secretariat for the Economy (Seco) revealed this Wednesday: “Currently, Switzerland has blocked 99 million francs [des proches du régime d’Assad] based on European Union sanctions.” Put in place by Brussels in 2011 “due to the violent repression that the Syrian army and security forces are exercising against the civilian population”, these measures have been amended several times over the past thirteen years.

For humanitarian reasons, such as when the Federal Council eased sanctions against Syria at the beginning of 2023 in order to facilitate relief operations following the earthquake of February 6. But also to add new individuals or companies under sanction (the 72-page list includes 318 people and 87 entities). The last time on Monday, with the addition of three high-ranking members of the fallen regime. And now?

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