BREAKING NEWS

Swiss freeze additional $20 mln in Syrian assets

By REUTERS

JUNE 4, 2012 17:43

ZURICH - Switzerland has frozen another 20 million Swiss francs ($20.59 million) of funds belonging to top Syrian officials, bringing the total to date to 70 million francs, the government said on Monday.

Switzerland introduced sanctions on Syria last year to try to pressure the government to end a crackdown on its opponents, saying in December it had frozen 50 million francs of assets belonging to President Bashar Assad and other officials.

"The extra 20 million brings the total to 70 million Swiss francs as a result of sanctions being extended," State Secretariat for Economic Affairs spokeswoman Marie Avet said.

"Sometimes the structures are quite complicated, making it difficult to identify the owner of the assets, and new information also helped us to identify more assets."

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