Russia's central bank has $8 billion frozen in Switzerland, which is still deciding what to do with the funds

• Russia's central bank has $8.3 billion being held across Switzerland that have been immobilized.
• Switzerland broke its historic neutrality last February to adopt EU sanctions against Russia.
• Amid calls to seize the assets to help Ukraine, the Swiss government said discussions are ongoing.

Russia's central bank has $8.3 billion worth of assets in Switzerland that have been immobilized, according to the Swiss government. 

The announcement followed new disclosure obligations that accompanied the latest sanctions package from the European Union.

Last February, Switzerland broke away from its historic neutrality to levy sanctions against Russia after its invasion of Ukraine. Western governments froze the Russian central bank's foreign exchange assets, effectively cutting it off from the global financial system.