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
Israeli media outlet: Netanyahu and Katz are expected to conduct a security assessment soon, and a wave of attacks in Gaza is anticipated later
Israeli media outlet: Gunmen emerged from a tunnel in Rafah and attacked forces in the area with gunfire and anti-tank missiles
Local sources from Damascus countryside: An Israeli occupation drone targeted the road connecting the town of Beit Jinn and Tell Bat al-Warda with 3 airstrikes, without any reported casualties
Al Mayadeen's Beirut Bureau chief: Addition of non-military envoy was agreed upon to pursue non-technical matters.
Al Mayadeen's Beirut Bureau Chief: Lebanese Presidency's statement affirms Lebanon's readiness to attend talks in an effective capacity.
Lebanese Presidency: President has assigned former Ambassador Simon Karam to head military technical committee in talks.
Israeli occupation forces carry out an arrest campaign during a raid on Surif, north of Al-Khalil in the southern occupied West Bank.
Syrian Foreign Ministry: Damascus expresses its gratitude to the countries that voted in the UN General Assembly in favor of ending the Israeli occupation of the Syrian Golan.
Ushakov: Russia and the United States agreed not to disclose the substance of the Putin–Witkoff talks.
Ushakov: No specific formulas were discussed during the meeting, but rather the essence of what was included in the US documents.

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
Russia and China are not part of the Resistance Front, but they are playing an important role in building structures to bypass US power and thus facilitate a multipolar and freer world. (Al Mayadeen English; Illustrated by Zeinab el-Hajj)

The Resistance Front and BRICS

  • Opinion
  • 29 Nov 2025
Four killed, ten wounded in targeted California shooting in Stockton

Four killed, 10 wounded in 'targeted' California shooting

  • US & Canada
  • 30 Nov 2025
Point-blank killings: 'Israel' executes 2 Palestinian youths in Jenin

Graphic footage: IOF execute 2 Palestinians from point blank in Jenin

  • Politics
  • 27 Nov 2025

Coverage

All
In Five

Read Next

All
The US-led regime change in Venezuela angers MAGA.
Politics

US-led regime change in Venezuela angering MAGA

French journalist unions sue 'Israel' over restrictions in Gaza and the West Bank.
Politics

French journalist unions sues 'Israel' for obstructing press freedom

In this Jan. 25, 2012, file photo, senior Fatah leader Marwan Barghouti appears at occupied al-Quds court. (AP Photo/Bernat Armangue, File)
Politics

Global figures call for Palestinian detainee Barghouti’s release

The Venezuelan parliament approves a bill to withdraw from the ICC.
Politics

Venezuelan parliament approves bill to withdraw from ICC

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