You're reading: Press service: No frozen accounts, assets of Oleksandr Yanukovych in Switzerland

Swiss authorities have confirmed in writing the absence of any accounts or assets there belonging to the son of disgraced former Ukrainian President Viktor Yanukovych’s son Oleksandr.

“Swiss authorities in a letter, dated March 1, 2017, confirmed that in Switzerland there are no frozen personal accounts or other assets owned by Oleksandr Yanukovych, the son of disgraced ex-president Viktor Yanukovych, with the exception of those controlled by his company MAKO Trading SA and its assets. Other measures involving freezing assets undertaken by Switzerland relate to other persons listed in the addendum to the order on freezing assets in connection with Ukraine,” a statement by Oleksandr Yanukovych’s press services says.

The note says Oleksandr Yanukovych has always insisted that he has no personal bank accounts or assets in Switzerland, with the exception of those controlled by the MAKO Trading SA company, which has a transparent and audited bank account with a balance CHF 1 million.

Yanukovych’s press service said that on December 9, 2016 the Swiss Federal Council said it would continue measures to freeze all assets of Viktor Yanukovych, as well as those belonging to physical entities from Ukraine connected to him. The total amount of frozen assets amounted then to about CHF 70 million.