TFIGlobal
TFIGlobal
TFIPOST English
TFIPOST हिन्दी
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIGlobal
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
No Result
View All Result
TFIGlobal
TFIGlobal
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean

Switzerland’s $200 billion jolt to Ukraine flattens Zelensky’s rebuilding scam

Ansh Pandey by Ansh Pandey
July 8, 2022
in Europe, Russia
Switzerland’s $200 billion jolt to Ukraine flattens Zelensky’s rebuilding scam
Share on FacebookShare on X

Well, Ukraine has been trying really hard to set up or force Western nations to provide money for rebuilding Ukraine. Ukraine told an international conference that it will cost an estimated $750 billion to rebuild the war-shattered country, and labeled it as a responsibility of the democratic world to do it.

Zelensky and his buddies have been trying every trick in the book. A few days ago, the PM of Ukraine Denys Shmyal demanded Switzerland to help Ukraine in its rebuilding process. This could have tarnished Switzerland’s most important policy. Indeed, the best policy i.e, Neutrality

Also Read

RIC Revival: Russia looks to bring in China and India to resurrect the RIC trio

Russia rewards it soldiers for F-16 takedowns as S-400 proves it capabilities against Ukraine and Pakistan

Russian deputy mayor and war hero Zaur Gurtsiev assassinated in blast, Ukraine hand suspected

As per reports, the Swiss bank holds up to $213 billion of Russian wealth and Switzerland has been under increasing pressure from Europe to identify and freeze the assets of Russian oligarchs for rebuilding Ukraine. But, Switzerland has finally given a big no to ‘Zelensky and his buddies.’

Swiss snubs Denys Shmyal

Switzerland has given a big ‘NO’ to Ukraine’s demands. Reportedly, Switzerland has denied Ukraine’s Prime Minister’s demands to use frozen assets of ultra-wealthy Russians to help fund his country’s $750 billion reconstruction project.

Ukrainian Prime Minister Denys Shmygal told a conference in Lugano that $300-500 billion of Russian assets had been frozen by the United States, European Union, and Britain, money he said could help rebuild wrecked schools, hospitals, and homes.

Switzerland has clearly warned that the Ukrainian proposal to confiscate billions worth of frozen Russian assets would create a dangerous precedent for the nation.

Denys Shmyhal appointed Ukraine's prime minister | UNIAN
Denys Shmyhal – Ukraine’s Prime Minister | UNIAN

President Ignazio Cassis told reporters in Lugano while attending a conference aimed to bolster aid to Ukraine, “You have to ensure the citizens are protected against the power of the state. This is what we call liberal democracies,”

Furthermore, Cassis stressed that the “right of property is a fundamental right,” and that “seriousness” is required while discussing Russian funds held by the West.

To make a long story short, Switzerland has denied the demands of Ukraine to provide that $213 billion wealth of Russians provide help rebuilding Ukraine.

Read More: Russia becomes a sought-after property as Switzerland and UAE take turns to woo it

The Neutrality Continues

The Swiss Bankers Association has estimated that the assets of Russian clients deposited in Switzerland’s banks total 150-200 billion Swiss francs (about $155-$210 billion), making the country a key repository of Russian money abroad. But, Despite constant western pressures, Switzerland had made it very clear that it could not simply freeze funds if it did not have “sufficient grounds”.

Denys Shmyhal: I Hope Garibashvili will Allow Brave Georgian Brothers to Fly to Ukraine - Georgia Today
Source- Georgia Today

What’s even more rhetorical is that Switzerland announced that it can’t help in rebuilding Ukraine via the Russian assets after organizing a full-fledged conference for ‘Rebuilding Ukraine’

The arrival of the Ukrainian PM in Switzerland was on purpose to convince Switzerland to use Russian assets for Ukraine. But, citing its neutrality and constitutional boundaries, Switzerland gave a big no.

Read More: Switzerland issues a clean chit to Russia over Ukraine and drops all sanctions

Honestly, if Switzerland had succumbed to Ukraine’s demand, it would have set up a really wrong example for world-famous Swiss repository banks that assets are not safe there. But, Switzerland has given a $200 billion jolt to Ukraine. Now, Zelensky’s rebuilding scam lies flat.

Tags: RussiaSwitzerlandUkraineZelenskyy
ShareTweetSend
Ansh Pandey

Ansh Pandey

Associate Editor, tfiglobalnews.com

Also Read

European Union Facing Existential Crisis Amid Economic and Political Struggles

European Union Facing Existential Crisis Amid Economic and Political Struggles

May 31, 2025
France Bans Smoking in Outdoor Areas Frequented by Children

France Bans Smoking in Outdoor Areas Frequented by Children to Protect Public Health

May 31, 2025
Germany readies for military conscription as media reports say German public wants to take on Russia

Germany readies for military conscription as media reports say German public wants to take on Russia

May 26, 2025
Why Are Knife Attacks Spiking in Germany?

Why Are Knife Attacks Spiking in Germany? The Pattern No One Wants to See

May 24, 2025
Trump Threatens 50% Tariff on EU Imports, Sparking Concerns

Trump Threatens 50% Tariff on EU Imports, Sparking Concerns

May 24, 2025
Telegram founder to prove EU and France interference in Romania? As Simion wants election results nullified

Telegram founder to prove EU and France interference in Romania? As Simion wants election results nullified

May 22, 2025
Youtube Twitter Facebook
TFIGlobalTFIGlobal
Right Arm. Round the World. FAST.
  • About Us
  • Contact Us
  • TFIPOST – English
  • TFIPOST हिन्दी
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy

©2025 - TFI MEDIA PRIVATE LIMITED

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIPOST English
TFIPOST हिन्दी

©2025 - TFI MEDIA PRIVATE LIMITED

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. View our Privacy and Cookie Policy.