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A government working group has concluded that confiscating the funds would violate the country’s constitution Switzerland does not plan to confiscate private Russian assets frozen in Swiss banks, the country’s Justice Ministry said in a statement on Wednesday.

The US could target more banks linked to Russia with sanctions and is set to tighten enforcement of existing restrictions, Reuters has reported, citing a senior US official.    Sanctions imposed by Washington and its allies “immobilized about 80% of the assets in the Russian banking sector,” according to the head of the US State…