Switzerland reveals prospects of returning Yanukovych's assets to Ukraine

Switzerland reveals prospects of returning Yanukovych's assets to Ukraine

Switzerland received a positive response from Ukraine on completing the legal proceedings needed to return the frozen assets of former president Viktor Yanukovych.

“We noted and signaled to Ukraine that there are three years left [while the assets of Yanukovych and his entourage remain frozen in Switzerland], but we received a positive response in the sense that the necessary legal proceedings are underway to ensure that as soon as the legal situation in the judiciary changes, these funds will be returned to Ukraine," Vice President, Head of the Federal Department of Foreign Affairs of the Swiss Confederation Ignazio Cassis said at a joint press conference with Minister of Foreign Affairs of Ukraine Dmytro Kuleba in Kyiv on October 28, an Ukrinform correspondent reported.

Cassis noted that the funds totaled CHF 70 million.

Read also: Yanukovych's assets in Switzerland to remain frozen for another three years

The Vice President of the Swiss Confederation added that he discussed this issue during today's meeting with Kuleba and during last's year international Ukraine Reform Conference in Vilnius.

As reported, the assets of former president Viktor Yanukovych and his entourage will remain frozen in Switzerland for another three years.

On October 27-29, Ignacio Cassis is on a visit to Ukraine to make preparations for the international 5th Ukraine Reform Conference.


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