The Russian ambassador said in a comment to “Sputnik” on the result of the vote of the Swiss local Senate (Cantonal Council): “We are currently studying the decision of the Cantonal Council. In any case, we consider any confiscation of Russian assets illegal, as well as of any other country, such as this decision.” If implemented, the expropriation would harm the legal integrity of the global financial system and Switzerland's reputation as a state governed by the rule of law and a reliable financial centre. Ukraine. A statement published on the Parliament’s website stated: “It is possible to pay the assets of the Russian state and organizations close to it, frozen as part of the sanctions, to Ukraine as compensation.” He continued: “The Cantonal Council approved it today, Thursday, by a majority of 21 votes to 19, with 3 members abstaining from voting.” A series of similar proposals submitted by the National Council (the upper chamber of Parliament). It is noteworthy that Switzerland is not a member of the European Union or NATO, but Bern has joined almost all European sanctions against Russia since February 2022, until November 25. /November 2022, when private financial assets frozen in Switzerland amounted to 7.5 billion francs (about 8.5 billion dollars), to which were added 15 properties that were frozen in this country. “Unfriendly” countries have been imposing sanctions on Russia since February 2022, and as a result Therefore, sovereign assets and private investor funds were frozen, and the country's foreign exchange reserves were frozen in the amount of $300 billion, and almost immediately, talks began about the confiscation of these assets by foreign countries for various purposes. The White House: Biden needs authorization from Congress to dispose of the assets. Frozen Russian In October 2022, European Union leaders instructed the European Commission to prepare proposals regarding the use of frozen assets to finance the “reconstruction” of Ukraine. Russian Finance Minister Anton Siluanov stated earlier that the American proposal to transfer frozen Russian assets to Ukraine, A fundamental mistake, pointing out the need to solve problems by searching for ways out of the crisis and not through escalation.