Switzerland ready to freeze Yanukovych funds

2014-02-27 22:51
(File: AFP)

(File: AFP)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Gevena - Switzerland said on Thursday it was prepared to freeze any funds Ukraine's ousted president Viktor Yanukovych might have in Swiss banks.

The Swiss government has decided "in principle to freeze any possible funds Mr Yanukovych may have in Switzerland", foreign ministry spokesperson Pierre-Alain Eltschinger told AFP in an e-mail.

The full decision, which would be published on Friday, obliged Swiss banks to show increased vigilance when it comes to Ukrainian funds, he added.

Asked whether Yanukovych or his entourage would be blocked from receiving visas to Switzerland, the foreign ministry spokesperson would only say that "Switzerland is following very closely the situation in Ukraine".

Yanukovych, who is wanted for "mass murder" after three months of protests against his rule spilled into clashes that left nearly 100 dead, said in a statement on Thursday he was still Ukraine's head of state.

It is unclear whether Yanukovych himself has funds in Switzerland, but his son Olexander opened a branch of his Management Assets Company (MAKO) in Geneva in late 2011.

The 40-year-old dentist and businessman has amassed a personal fortune of around €365m in the past three years alone, according to a report in the Swiss weekly L'Hebdo.

His Ukrainian conglomerate reportedly controls nearly half of that country's coal production, and around a third of its electricity production and distribution.

The Geneva branch of the business is run by a businessman of Uzbek origin, who also runs a firm called Partefina, listed with the same address.

That company is listed as a so-called "family office" - a term used for firms specialising in the management of large family fortunes.

According to L'Hebdo, Partefina is owned by Ukrainian billionaire Rinat Akhmetov, a supporter of Yanukovych who also has offices in Geneva.

The oligarch opened a branch of his DTEK Holding business in the Swiss city. According to Swiss public broadcaster RTS, the branch's capital swelled from 100 000 Swiss francs to 49 million francs last December.

Ukrainians demonstrated in the Swiss capital of Bern on Wednesday to demand that Switzerland freeze any of Yanukovych's assets in the country.

Demonstrators also gathered in front of the UN's European headquarters in Geneva Thursday, calling on Switzerland to "stop being passive".

Read more on:    ukraine  |  switzerland
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
2 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/News
 

Five wrapping hacks you have to know before Christmas

Five gift wrapping hacks that will save Christmas for you!

 
 

I love summer.24

Sexiest Instagrams of 2014
Joburg hot spots for cocktails, craft beer, tapas and wine!
Summer Survey!
Great ideas for the best summer sandwiches!

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Kalahari.com - shop online today

Grand Theft Auto 5

Now available on PS4, Xbox One and PC from R649. Buy now!

Festive gifts!

Check out our awesome range of festive gifts to make everyone’s wishes come true. Shop now!

Save on Samsung

Cameras, mobile phones, TVs, Tablets and more. While stocks last. Shop now!

Save up to R2200 on electronics! – As seen in the catalogue

Wishing for tech gadgets this festive? Save up to R2100 on hot tech products at kalahari.com. While stocks last. Shop now!

30% off the bestselling books

Save big on the most captivating reads of 2014. While stocks last. Shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

The energy today is serious, materialistic and hardworking. You may find you get a new outlook on things and you may want to spend...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.