Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Sheikh Qassem: We, our allies, the honorable in our nation, our people, and our army will never accept being subservient to the US or 'Israel'
Sheikh Qassem: They must despair, for whatever they do, this people cannot be defeated or broken, and we shall neither fall nor yield
Sheikh Qassem: Threats neither advance nor delay matters, yet the possibility of war or its absence exists because 'Israel' and the US are weighing their options
Sheikh Qassem: All these threats are simply a form of political pressure after a whole year of efforts proved ineffective
Sheikh Qassem: 'Israel's' 'servants' in Lebanon are few, but they cause problems by obstructing the country’s stability, growth, and liberation alongside the US and 'Israel'
Sheikh Qassem: Weapons block 'Israel’s' project, and anyone seeking disarmament plays into 'Israel’s' hands
Sheikh Qassem: The agreement came because we held fast, empowered by our vision, our faith, our will, our people, our patriotism, and our unwavering attachment to our land
Sheikh Qassem: People of Might Battle was a confrontation by a modest force, incomparable to the enemy's strength, but it was noble in spirit, brimming with courage, resolve, and unwavering faith in victory
Sheikh Qassem: Today, Lebanon is under an Israeli aerial occupation
Sheikh Qassem: The project of "Israel" came crashing into the defenses of the People of Might Battle

Switzerland opposes transfer of frozen Russian funds to Ukraine

  • By Al Mayadeen English
  • Source: Agencies
  • 3 Oct 2022 18:01
  • 2 Shares
3 Min Read

The Ukrainian President has demanded blocking Russian assets in Swiss banks and transferring them to Ukraine last week.

  • x
  • Switzerland opposes transfer of frozen Russian funds to Ukraine
    Switzerland opposes the transfer of frozen Russian funds to Ukraine.

On Monday, a spokesman for the Swiss Federal Department of Economic Affairs, Education and Research, Fabian Maienfisch, told reporters that Switzerland disapproved of Ukraine's President Volodymyr Zelensky's proposal to transfer frozen Russian assets to Ukraine.

"For the Swiss government, the confiscation of assets only on the basis of belonging to a state or being included in the sanctions list and using them to rebuild Ukraine is currently not an option of showing support for Ukraine," the spokesperson told RIA Novosti.

Zelensky's proposal to block Russian assets in Swiss banks and transfer them to Ukraine was delivered last week.

On June 30, Russian Security Council Deputy Secretary Alexander Venediktov deemed the freeze of Russian assets to be one of the "greatest thefts in history."

Read more: Freeze of Russian assets one of biggest thefts - Russian official

The Ukrainian President has several times asked his allies to further support him financially and militarily throughout the war. 

So far, the US has been its principal provider with the transfers of over $16.9 billion in "security assistance", which includes a package worth $600 million in early September. Additionally, the White House asked Congress for $13.7 billion for "security and economic assistance" for Ukraine.

The EU has likewise provided some support despite its current struggles with the energy crisis.

In the first half of the year, the EU supported Ukraine with €1.2 billion in loans and billions in arms and weapons deliveries, and in July it agreed to provide an assistance package worth €9 billion of which €1 billion were dispatched last summer and another €5 billion are already approved but not yet delivered.

The remaining €3 billion are still being discussed on whether to be sent as grants or loans, but the US has recently been pressuring the EU to do more to assist Ukraine in the war.

Yesterday, Bloomberg reported that the US was eyeing plans to make monthly transfers in aid to Ukraine in efforts to continue the war against Russia and it called on its EU counterparts to assist in the like. 

On the military side, both the EU and the US failed to meet Ukraine's needs, as per Zelensky. Since the start of the war, the Ukrainian President has been insisting on his allies to send them the most up-to-date tanks which are believed would strengthen its counter-offensive against Russia.    

Spain showed good cooperation in the beginning but was later pressured by Germany not to send the desired weapons. 

On September 30, White House official Jake Sullivan said the US did not rule out that NATO-standard tanks, including Abrams and Leopard tanks, will be supplied to Ukraine in light of its ongoing war.

An article published by Military Watch Magazine on September 30 detailed some reasons why such a move would ever be possible - one of the reasons being that NATO would never want to compromise its technology through capture. 

Read more: Zelensky calls NATO Summit 'Weak, Confused'

  • Switzerland
  • Volodymyr Zelensky
  • Ukraine

Most Read

13 elite Israeli troops were wounded in a confrontations in Beit Jinn, Syria.

13 elite Israeli troops wounded in confrontations in southern Syria

  • West Asia
  • 28 Nov 2025
Hezbollah announces the martyrdom of Haitham al-Tabatabai

Hezbollah announces the martyrdom of commander Haitham Tabatabai

  • West Asia
  • 23 Nov 2025
A boy tries to stand near missiles displayed in the National Aerospace Park of the Revolutionary Guard, just outside Tehran, Iran, Thursday, Nov. 13, 2025 (AP)

Key Israeli sites destroyed, nuclear docs moved to Tehran: Minister

  • Politics
  • 22 Nov 2025
Hezbollah publishes biography of martyred leader Haitham al-Tabatabai

Hezbollah publishes biography of martyred leader Haitham Tabatabai

  • Politics
  • 23 Nov 2025

Coverage

All
In Five

Read Next

All
National Guard are seen after reports of two National Guard soldiers shot near the White House in Washington, Wednesday, November 26, 2025. (AP Photo/Evan Vucci)
Politics

NG shooting suspect belonged to CIA 'Zero Units' in Afghanistan

This satellite image taken by Airbus DS shows objects on the ground at the Saudi Maternity Hospital in el-Fasher, Sudan (AP)
Politics

Inside the RSF’s brutal campaign against El Fasher’s healthcare

Lebanon urges UN action as 'Israel' builds new walls inside its border
Politics

Lebanon files UN complaint over Israeli concrete walls inside border

UN slams 'Israel' over Gaza torture reports, urges full investigation
Politics

UN slams 'Israel' over Gaza torture reports, urges full investigation

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS