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Poroshenko, Berset discuss return of frozen assets of former Ukrainian officials to country

The meeting of the president took place within the World Economic Forum in Davos
15:58, 25 January 2018

Presidential Administration press office

Petro Poroshenko, the President of Ukraine met Alain Berset, the President of Switzerland within the World Economic Forum in Davos. The parties discussed the return of the frozen assets illegally withdrawn by the former Ukrainian officials to Ukraine as the press service of Poroshenko reported.

‘The sides emphasized the importance of intensifying interaction of the competent authorities of the two states to return the frozen assets that were illegally withdrawn by former Ukrainian officials’, the message said.

Related: Ukraine hopes to receive next IMF tranche in May - Finance Minister

Poroshenko noted the positive effect from the implementation of the visa-free regime for the Ukrainian citizens by Switzerland in 2017 in terms of strengthening business and cultural contacts between the two countries.

Also, he noted the dynamic development of bilateral cooperation, which is confirmed by the growth of bilateral trade and the increase of Swiss investments in the Ukrainian economy.

Related: Ukrainian breakfast in Davos: quotes of Poroshenko

Moreover, President Poroshenko invited the Swiss President to pay an official visit to Ukraine.

Switzerland froze the assets of Viktor Yanukovych in the sum of more than 69 million dollars in 2014 for three years. The former president Yanukovych and Olexandr Yanukovych claimed that they do not have any bank accounts, funds or other assets in Switzerland. British law firm JOSEPH HAGE AARONSON LLP that acts for Yanukovych sent a letter to the Swiss authorities with the request to recall or specify this statement that determines that the frozen assets in the sum of 70 million Swiss Francs are possessed by Viktor or Olexandr Yanukovych and that it does not correspond to the reality. Switzerland extended the freeze of the assets of Yanukovych for one more year on December 20, 2017.

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