Jump to content
Your browser is out of date. It has known security flaws and may not display all features of this websites. Learn how to update your browser[Close]

Money laundering

Swiss freeze CHF170 million in Ukrainian funds

Yanukovych was forced out of office in February (AFP)

Yanukovych was forced out of office in February


Switzerland has blocked at least CHF170 million ($193.3 million) in assets belonging to former Ukrainian president Viktor Yanukovych and about 30 of his associates as part of money laundering probes.

The Federal Prosecutor’s Office confirmed on Tuesday the amount of the confiscated funds held in Swiss bank accounts. Two of Yanukovych’s sons as well as former Ukrainian government ministers and their families have been targeted by the measures.

The office in March opened five investigations against people suspected of money laundering. A separate probe against Yanukovych and his entourage is underway in Geneva.

Officials said the office did not act upon a specific request by the interim government in Kiev, but because of a reasonable suspicion of money laundering.

The Ukrainian government has said loans worth CHF32 billion had disappeared from state coffers under Yanukovych regime. Part of it has allegedly been sent out of the country during the former president’s three-year rule. But it is not clear how much of this money is illegal.

swissinfo.ch and agencies



All rights reserved. The content of the website by swissinfo.ch is copyrighted. It is intended for private use only. Any other use of the website content beyond the use stipulated above, particularly the distribution, modification, transmission, storage and copying requires prior written consent of swissinfo.ch. Should you be interested in any such use of the website content, please contact us via contact@swissinfo.ch.

As regards the use for private purposes, it is only permitted to use a hyperlink to specific content, and to place it on your own website or a website of third parties. The swissinfo.ch website content may only be embedded in an ad-free environment without any modifications. Specifically applying to all software, folders, data and their content provided for download by the swissinfo.ch website, a basic, non-exclusive and non-transferable license is granted that is restricted to the one-time downloading and saving of said data on private devices. All other rights remain the property of swissinfo.ch. In particular, any sale or commercial use of these data is prohibited.