OREANDA-NEWS  The Swiss authorities have identified 130 alleged violations of the sanctions regime against Russia, the head of the Swiss State Secretariat for Economics (SECO), Helen Budliger-Artieda, said in an interview with the newspaper Tages-Anzeiger.

"Currently, there are 130 alleged cases. In 29 cases, they led to the initiation of cases of administrative offense and administrative-criminal cases, 14 of which were completed," she said.

According to the head of SECO, there were no grounds for initiating cases in 36 cases, and the investigation continues on the remaining possible attempts to circumvent sanctions.

Switzerland has joined almost all European restrictive measures since February 24 last year. Thus, Bern blocked Russian assets worth 7.5 billion Swiss francs ($8.1 billion). At the same time, as local media reported, Credit Suisse bank blocked or froze more than a third of Russian assets registered in Switzerland — 17.6 billion francs (more than $ 19 billion). In total, according to the SonntagsZeitung, about $ 50 billion of Russian funds have been declared in the country.

Russia has repeatedly stated that the West lacks the courage to admit the failure of sanctions against Moscow. There are increasingly opinions that the restrictions imposed are ineffective.