icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
24 Jan, 2008 20:33

Freezing Russian assets is legal - Swiss court

Switzerland's Supreme Court has ruled prosecutors did have legal grounds to freeze assets belonging to Russia's Central Bank in Geneva. The accounts were frozen in May over an ongoing legal dispute between the Russian government and a Geneva-based trading

The company says Moscow owes it millions of euros for failing to pay for goods delivered to the country as part of an oil-for-food programme.

Since 1993, the firm has repeatedly applied for seizure of Russian overseas property.

The latest attempt early in January resulted in assets belonging to Russia's Central Bank and RIA Novosti news agency in France being frozen.