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Liechtenstein is under fire from the U.S. and Russia as billions in Russian assets remain frozen in hundreds of trusts. A Vaduz-based trustee describes these as ‘zombie trusts’ with no resolution in sight.
- Up to 800 trusts in Liechtenstein are holding billions in frozen Russian assets.
- A Vaduz trustee describes these as 'zombie trusts' with no current resolution.
- The situation reflects the broader impact of sanctions on global financial systems.
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