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Speaking at the meeting, Ukrainian Prime Minister Denis Shmikhal stressed that the frozen Russian assets should be returned to Ukraine after compensation and said that “the aggressor should pay the price for unreasonable aggression.” In response, President Cassis said, “The right to property is a fundamental right, it is a human right. You need to ensure that citizens are protected from state power. This is what we call liberal democracy,” he said, adding that property rights had been violated. it would set a dangerous precedent and require a legal basis. These statements by Cassis were reflected in the British media as “Switzerland is resisting Ukraine’s plans to confiscate frozen Russian assets”.
Pierre-Alain Eltschinger, spokesman for the General Secretariat of the Ministry of Foreign Affairs, said: “Ignazio Cassis, President of the Swiss Confederation, has not expressed ‘resistance’ to the proposals of the Ukrainian authorities. In his speech at the conference, President Lugano described the legal framework in Switzerland. Freezing of assets should be distinguished from foreclosure; freezing has the effect of temporarily preventing the owner from disposing of his assets. However, the owner is still the owner of the asset. A lien has the effect of permanently depriving the owner. “This is a more invasive measure.”