Russia–Switzerland relations

Source: Wikipedia, the free encyclopedia.

Russia–Switzerland relations
Map indicating locations of Russia and Switzerland

Russia
Switzerland

Russia–Switzerland relations are foreign relations between

list of "unfriendly countries"
.

History

Imperial Russia and Switzerland

crosses the Swiss Alps
(1799)
Monument near Andermatt (2015)

Contacts of some consequence between the Swiss and the Russians started as early as the 17th century, when a twenty-year-old Swiss soldier

Romanov Dynasty
, and soon reached a position of prominence. Although Czar
Sophia, and later his mother Nataliya Naryshkina, and their boyar
relatives, who were running the country for over a decade after - leaving young Peter with plenty of time to dream of how to change his country when he has real power. Lefort happened to be one of the people who greatly influenced the young Czar's world view, and, once Peter became fully in charge of the country, the Swiss soldier became one of his top advisers and became highly influential during the first several years of Peter's modernization campaign.

Even though Lefort died fairly early in Peter's reign (1699), quite a few other Swiss soldiers, adventurers, educators, and scholars made a contribution in the history of

Saint Petersburg Academy of Science. A century after Lefort, Frédéric-César de La Harpe was influential in the upbringing of the future Czar Alexander I
.

The first large-scale appearance of Russians in Switzerland dates to the early years of the

fought back and forth across Switzerland and northern Italy in 1799–1800. While the results of these campaigns were inconclusive, they earned Suvorov the rank of Generalissimo, and became (in particular, the retreat over Panix Pass
) a favorite topic for Russian painters.

To reciprocate, around 8,000 Swiss men joined Napoleon's army that invaded Russia in 1812. Only a few hundreds survived the disastrous campaign. The heroism of the Swiss at Berezina is immortalized in the Beresinalied.

Lenin's stay in Switzerland commemorated at Spiegelgasse 14, Zürich

In the 19th century Switzerland became a popular refuge with Russian anti-Czar émigrés, due to its culture of freedom, absence of a particularly close relationship between the Swiss republican government and that of Imperial Russia, and on occasions, its neutrality in wars as well. The list of Russian exiles who found shelter in Switzerland runs from Alexander Herzen, who became a Swiss citizen[1] in 1851, to Vladimir Lenin, who visited Switzerland first in 1891 and then lived in official exile in Zurich between 1914 and 1917 before and during World War I. He was only able to leave his Swiss exile in April 1917 during the Russian Revolution thanks to the so-called sealed train organised by German officials.[2][3]

The same reasons made the country a magnet for Russian students. The number of Russian students in Switzerland peaked in 1906–07, just after the defeat of the

mostly because of the Russian educational qualification for the Jewish population.[5]

Russian Federation and Switzerland

After the dissolution of the Soviet Union, the number of Russian visitors and migrants to Western Europe increased significantly, compared to the Soviet period. However, for most of them Switzerland remained somewhat of a flyover country on the way to the more popular Mediterranean destinations.[6]

The tranquility turned into tragedy on 1 July 2002, when a

collided with a DHL cargo plane just before entering Swiss air space from Germany. All 71 people aboard the two aircraft died in the collision. Having lost his entire family, Vitaly Kaloyev
killed the air traffic controller, Peter Nielsen, whom he deemed responsible for the accident.

Russia has allegedly sent

Swiss government found that one in four Russian diplomats based in Switzerland is a spy.[7][8] According to the Swiss authorities, this trend has increased since 2022.[9] According to the Swiss authorities, Russia has about 80 spies located in Switzerland.[10]

Russian spies had also allegedly targeted a laboratory in Spiez in 2018 that was testing the nerve agent used on Sergei Skripal.[11]

In 2020, the

Swiss police made the public aware that two "Russian spies", one of whom was disguised as a plumber, had travelled to Davos with diplomatic passports prior to the Annual Meeting. The Russian Embassy in Bern denied having carried out "preparatory work" for spying on the World Economic Forum.[12][13]

In June 2021, Switzerland hosted the 2021 Russia–United States summit, in Geneva.

Switzerland hosts several schools linked to Russia on its territory. One is named Swiss School for International Relations (SSIR) in Geneva. Another well-known school is Le Centre international Lomonosov de l’Université d’Etat de Moscou (CIL).[14]

Sanctions against Russia 2022-2024

See also: International sanctions during the Russian invasion of Ukraine § Switzerland

Following the

support a NATO alliance.[19] Switzerland has officially called for the return of Crimea and all occupied Ukrainian territory back to Ukraine.[20]

In March 2022, the business association Economiesuisse informed that its sanctions against Russia would have a limited effect on the Swiss export economy. However, KOF (a Swiss economic research institute) reported that in case of tougher sanctions in the future, like for example a gas and oil ban, Swiss gross domestic product (GDP) would fall by 3-4 percentage points, spread over two years.[21][22]

Russia's ambassador to the

listed Switzerland as a country that has taken "unfriendly actions" against Russian citizens. Russia will require additional controls for Swiss-Russian businesses in the aftermath of the severe sanctions Switzerland imposed on Russian entities.[23]

UAE,[24] but also to western countries like France, the UK and the US.[25]

In August, Russia turned down an offer from Switzerland to represent Ukraine's interests in Moscow, after Ukraine agreed on a mandate for Switzerland to represent its interests in Russia. A Russian foreign ministry spokesman said the plan was not acceptable as it does not consider Switzerland to be a neutral country after Bern joined

sanctions against Russia.[26]

Swiss President Ignazio Cassis spoke briefly with Russian Foreign minister Sergey Lavrov after the 77th UN General Assembly Session on 22 September 2022. Cassis told the assembly earlier that Switzerland would not recognize the result of the referendums in the disputed Donbass regions of Ukraine. Lavrov told Cassis that Switzerland had left the path of neutrality because of sanctions. Cassis reiterated Switzerland's neutral position by not participating militarily in the conflict.[27][28]

As of March 2022, $6.2 billion of Russian money was frozen by the Swiss authorities.

Swiss Federal Council has objected to this characterization.[30]

As of June 2022, the "official" amount of non-sanctioned Russian-owned assets in Switzerland was CHF 46.1 billion, divided among 123 person or entities and 7,548 business relationships.

EFTA connections only but does not account for the full amount.[32]

In February 2023, the

expropriation of private Russian assets of lawful origin without compensation illegal under Swiss law.[33]

Leading Russian opposition figures, including financier Bill Browder, have criticised Switzerland by saying the country is not doing nearly enough, while granting Russia too many loopholes in commodities trading, real estate investing or banking sector.[34][35][36] According to the Wall Street Journal in 2022, a front named "Bridgewaters" has been mainly used to hide assets of some Russian billionaires around the world, including in Switzerland.[37] According to U.S. Ambassador to Switzerland in 2023, "Switzerland could block an additional CHF 50-100 billion” of the Russian assets.[38]

In March 2023, US authorities said they were investigating

Russian sanctions.[39]

In May 2023,

shell companies operating in Russia, Cyprus and Switzerland.[40][41]

Between February 2022 and May 2023, the US has sanctioned 24 Swiss individuals and 16 Swiss companies. According to

swissinfo.ch, Switzerland continues to be in a difficult situation with regard to its economic relations with Russian entities, as it is forced to accept decisions by the U.S. or E.U. without inclusive negotiations.[42] Switzerland has not joined the Russian Elites, Proxies, and Oligarchs Task Force (REPO) on grounds of neutrality and does not impose its own sanctions, rather it says it had "no choice but to adopt US sanctions", which have extra-territorial reach due to the power of the dollar and the US financial system, according to Swissinfo.[32]

On August 16, 2023, following the E.U. lead, all sales of securities to Russian nationals became prohibited.[43]

On 17 April 2024, the lower house of the

Burgenstock.[44]

Resident diplomatic missions

At the end of 2018, there were 732 Swiss nationals living in Russia.[45] As of 2020, 16,500 Russian nationals lived in Switzerland.[46] There are 70,000 Russian speakers in Switzerland (2022).[47]

  • Embassy of Russia in Bern
    Embassy of Russia in Bern
  • Consulate-General of Russia in Geneva
    Consulate-General of Russia in Geneva
  • Embassy of Switzerland in Moscow
    Embassy of Switzerland in Moscow
  • Consulate-General of Switzerland in Saint Petersburg
    Consulate-General of Switzerland in Saint Petersburg

Trade

See also: Economy of Russia and Economy of Switzerland

Russia is Switzerland's 23rd largest trading partners with a trade volume of $5.1 billion. Russia accounts for 1% of Swiss exports and 0.4% of Swiss imports.[50] Switzerland mainly exports medicines, medical products, watches and machinery to Russia, while the chief imports are gold, precious metals and aluminum.[22]

Switzerland is a major hub for commodities trading globally. As such, about 80% of Russia's commodity trading goes through Geneva and with a further estimated 40 commodities companies linked to Russia in Zug.[51] Gunvor, Vitol, Trafigura and Lukoil Litasco SA are oil and commodities trading firms with stakes in Rosneft and Lukoil, two major Russian oil companies.[52][53][54] Paramount Energy, Amur Trading, Cetracore, Mercantile & Maritime and Sunrise are reportedly also active players in this sector.[55][56] As of June 2023, Gunvor and Vitol were the only western-owned companies still among the top-ten buyers of Russian refined petroleum.[57] The top four Swiss commodity traders Vitol, Cargill, Glencore and Trafigura, made a combined $50 billion in profits in 2022, five times more than in the previous decade, also because traders were producing additional profits from buying cheaper and sanctioned oil cargoes and selling them at a hefty profit.[58]

President Putin with offices in Zug, has been banned from operating in Switzerland since September 2022.[60]

The headquarters of Russia's Nord Stream 2 pipeline project linking Russia with Germany are in Switzerland. Nord Stream 2 AG filed for bankruptcy on 1 March 2022 and laid off all 106 employees in Zug.[61][52][62]

Gas makes up roughly 15% of Switzerland's final energy consumption. Around half of this comes from Russia (via Germany).[63] Russia supplies only 0.3% of Swiss imports of crude oil.[55]

Switzerland is also a major hub for Russian (and Ukrainian) grain and vegetable oil trading.[64]

Sberbank, Gazprombank and VTB Bank have a branch in Switzerland, the largest recipient of Russian private capital.[65] Between $5 billion and $10 billion of private Russian money flows through Switzerland every year.[52]

According to the

Russian Central Bank.[69]

200 Swiss companies employing some 40,000 people in Russia have registered with the Swiss Embassy in Moscow.

EMS-Chemie or Liebherr continue "business as usual".[50][71][72][70][73] As of February 2023, only 18 Swiss companies had completely exited the Russian market.[74] Another source in Ukraine says 77 companies headquartered in Switzerland were still active in Russia as of July 2023.[75] However, Switzerland by far is not the only country that keeps doing business with Russia under sanctions.[76]

Up until 2022, Switzerland was a

significant importer of Russian gold that was destined for refineries or jewelry production. Since August 2022, buying, importing or transporting gold and gold products from Russia are banned because of the sanctions.[77][78] But a provision in Swiss law allows its companies’ overseas subsidiaries to trade Russian commodities (including gold or oil) as long as they are “legally independent".[79]

Russian investments represent only 1% of annual foreign direct investment into Switzerland (2022).[80]

As of December 2021, Credit Suisse had about $900 million credit exposure to Russia while UBS had only $200 million exposure to Russian assets.[81] Other sources say UBS had $634 million “at direct risk” in Russia and Credit Suisse $1.7 billion.[82]

About 4% (i.e. $33 billion) of Credit Suisse wealth management business is with rich Russian clients.

Julius Bär has also reportedly been used by Russian nationals to launder money.[85]

Swiss pension funds have on average between 0.3% and 0.5% of assets invested in Russia.[82]

In 2019, Russian visitors represented 1.7% of hotel nights in Switzerland.[22]

According to 2022 trade information, exports to Russia have increased 19% while imports have risen 54% since the Ukraine war began. The sizable increase of imports is dominated by gold, which increased in value in late 2022. Switzerland had outlawed direct gold imports from Russia in August 2022, but this had little impact on the import of Russian gold. Exports to Russia from Switzerland were mostly pharmaceutical products, which are exempt under current sanctions.[86]

According to the Swiss newspaper Neue Zürcher Zeitung, sanctions imposed on the Russian commodity trade had a significant impact on the trade of Russian petroleum as well as copper and wheat. In 2022, trade figures still indicated an increase to 88.5 billion CHF, but in 2023, Swiss commodity traders lowered their exposure to 18.5 billion CHF, a significant decline that also reflects lower prices on the market.[87]

Individuals

Sergei Mikhailov, a Russian businessman and alleged leader of the “Solntsevskaya Bratva” criminal syndicate was arrested in Geneva in 1996 and incarcerated for two years.[88][89]

Swiss police arrested Russian businessman Vladislav Klyushin while en route to Zermatt in 2021 and extradited him to the United States on charges of commercial espionage.[90]

Known

President Putin.[91]

St-Moritz.[92]

Dmitry Pumpyansky (OAO TMK/Sinara Group) reportedly lives in Geneva with his family.[93]

Petr Aven (Alfa-Bank) has reportedly a residence in Bern.[94]

Sergei Popov (MDM Bank) lives in Canton de Vaud.[95]

Oleg Tinkov, a Russian billionaire and entrepreneur, reportedly lives in Switzerland.[96]

According to United States and European security officials, Alina Kabaeva has spent long periods of time in Switzerland since 2015, at residences in Lugano and Cologny.[97] In March 2015, she was reported to have given birth to a daughter at the VIP hospital of Saint Ann in Ticino, Switzerland.[98][99] Kabaeva has been sanctioned by the United States, the European Union and the United Kingdom.[100]

According to

Russian oligarchs had Swiss bank accounts.[101]

In addition, about 85 Russian nationals held “Golden Visas” in Switzerland in 2022.[94]

See also

Notes and references

  1. ^ a b c "Bilateral relations Switzerland–Russia". Swiss Government portal. 8 February 2022. Retrieved 2 March 2022.
  2. ^ Ted Widmer (20 April 2017). "Lenin and the Russian Spark". The New Yorker. Retrieved 26 November 2019.
  3. ^ Joshua Hammer (2017). "Vladimir Lenin's Return Journey to Russia Changed the World Forever". Smithsonian. Retrieved 26 November 2019.
  4. ^ Chisholm, Hugh, ed. (1911). "Switzerland § Education" . Encyclopædia Britannica. Vol. 26 (11th ed.). Cambridge University Press. pp. 244–245.
  5. ^ "Censorship in the Russian Empire". www.yivoencyclopedia.org.
  6. ^ Switzerland is a party to IASTA, and generally allows overflight of its territory by other countries' civil aircraft. (International Air Services Transit Agreement - list of signatory states)
  7. ^ "Swiss police found 'Russian spies' in Davos last year". The Guardian. 21 January 2020. Retrieved 9 March 2022.
  8. ^ "Mystery surrounds Swiss arrest of suspected Russian spy". swissinfo. 16 February 2020. Retrieved 9 March 2022.
  9. ^ Follorou, Jacques; Monde), (Le (24 October 2022). "Dans la région de Genève, Moscou tente de réactiver des réseaux d'espionnage en Europe". Le Temps (in French). Retrieved 4 December 2022.
  10. ^ Pravda, Ukrainska (8 October 2023). "Fifth of Russian spies in Europe are in Switzerland". Yahoo News. Retrieved 8 November 2023.
  11. ^ "Switzerland Demands Russia 'End Illegal Activities' After Two Suspected Spy Cases". RadioFreeEurope/RadioLiberty. 17 September 2018. Retrieved 27 March 2022.
  12. ^ "Swiss police 'exposed Russian spies in Davos'". BBC. 21 January 2020.
  13. ^ "Swiss police found 'Russian spies' in Davos last year". the Guardian. AgenceFrance-Presse. 21 January 2020.
  14. ^ Koller, Frédéric (27 June 2023). "Les antennes genevoises des universités moscovites". Le Temps (in French). Retrieved 27 June 2023.
  15. ^ Allen, Matthew (4 March 2022). "Switzerland triggers wide range of sanctions against Russia". swissinfo. Retrieved 7 March 2022.
  16. ^ "Switzerland adopts EU sanctions against Russia". Swiss Government portal. 28 February 2022. Retrieved 7 March 2022.
  17. ^ "Swiss extend blacklist over Russia's invasion of Ukraine". swissinfo. 16 March 2022. Retrieved 19 March 2022.
  18. ^ "Forget Londongrad: Switzerland in Focus as Sanctions Target Rich". swissinfo. 2 March 2022. Retrieved 19 March 2022.
  19. ^ "War in Ukraine leads Swiss to rethink security issues". SWI swissinfo.ch. 14 July 2022. Retrieved 20 July 2022.
  20. ^ "Switzerland calls for return of Crimea to Ukraine". SWI swissinfo.ch. 23 August 2022. Retrieved 23 August 2022.
  21. ^ Keystone-SDA/Sunday papers/ilj (13 March 2022). "Experts warn of hit to economy without Russian oil and gas". SWI swissinfo.ch. Retrieved 25 March 2022.
  22. ^ a b c "Neutral Switzerland's economy shaken by sanctions on Russia". France24. 5 March 2022. Retrieved 7 March 2022.
  23. ^ "Russia issues list of 'unfriendly' countries amid Ukraine crisis". AlJazeera. 8 March 2022. Retrieved 8 March 2022.
  24. ^ "Russia's rich look to stash wealth in Dubai". Reuters. 10 March 2022. Archived from the original on 13 March 2022. Retrieved 14 March 2022.
  25. ^ "RUBS warf Russen raus – ausgerechnet US-Banken nahmen sie auf". Tagesanzeiger. 16 November 2023. Retrieved 24 November 2023.
  26. ^ "Russia rejects protecting power mandate agreed by Switzerland and Ukraine". 11 August 2022.
  27. ^ "Switzerland" will not recognise ‘sham’ Ukraine referendums swissinfo. Retrieved 25 Sept 2022.
  28. ^ "Surprise at picture of Cassis and Lavrov in New York" worldradio.ch Retrieved 25 Sept 2022.
  29. ^ "Russian asset seizure reaches CHF5.75bn in Switzerland". SWI swissinfo.ch. 24 March 2022. Retrieved 25 March 2022.
  30. ^ "US commission accuses Switzerland of hiding Russian assets". SWI swissinfo.ch. 5 May 2022. Retrieved 5 May 2022.
  31. ^ "Swiss note another slight rise in frozen Russian funds". SWI swissinfo.ch. 1 December 2022. Retrieved 5 December 2022.
  32. ^ a b James, Helen (1 September 2023). "The impact of Russia sanctions on Swiss banks". SWI swissinfo.ch. Retrieved 6 September 2023.
  33. ^ "Swiss government: confiscation of Russian assets found unconstitutional" Reuters. Accessed 18 Feb 2023.
  34. ^ "Leading Russian opposition figures criticise Switzerland". 29 September 2022.
  35. ^ "Bill Browder: Swiss record on fighting money laundering is 'shocking'". SWI swissinfo.ch. 10 October 2022. Retrieved 17 October 2022.
  36. ^ Berman, Lazar (1 December 2022). "Swiss say they've frozen $8 billion in Russian assets since Ukraine invasion". The Times of Israel. Retrieved 4 December 2022.
  37. ^ Barry, Rob (25 October 2022). "Russian Oligarchs Obscure Their Wealth Through Secretive Isle of Man Network". WSJ. Retrieved 4 December 2022.
  38. ^ "US ambassador laments slow progress on freezing Russian assets in Switzerland". SWI swissinfo.ch. 16 March 2023. Retrieved 16 March 2023.
  39. ^ "US authorities investigate Credit Suisse and UBS over Russian sanctions". SWI swissinfo.ch. 24 March 2023. Retrieved 24 March 2023.
  40. ^ "With Over 300 Sanctions, U.S. Targets Russia's Circumvention and Evasion, Military-Industrial Supply Chains, and Future Energy Revenues". U.S. Department of the Treasury. Retrieved 1 June 2023.
  41. ^ Battersby, Mark (24 May 2023). "US sanctions Zurich-headquartered asset manager and its UAE-based regional head". InternationalInvestment. Retrieved 1 June 2023.
  42. ^ "Switzerland has to 'go above and beyond' to implement sanctions". 3 July 2023.
  43. ^ "Swiss follow latest round of EU sanctions on Russia". SWI swissinfo.ch. 16 August 2023. Retrieved 16 August 2023.
  44. ^ MarketScreener (17 April 2024). "Swiss parliament rejects joining sanctions task force against Russia - MarketScreener". uk.marketscreener.com. Retrieved 17 April 2024.
  45. ^ "Authorities advise Swiss citizens to leave Russia". swissinfo. 11 March 2022. Retrieved 19 March 2022.
  46. ^ Sallier, Pierre-Alexandre (17 March 2022). "La guerre transforme les Russes de Suisse en parias". TdG. Retrieved 19 March 2022.
  47. ^ "Russian media in Switzerland: A mix of propaganda and anti-regime critics". SWI swissinfo.ch. 22 April 2022. Retrieved 22 April 2022.
  48. ^ "Bilateral relations Switzerland–Russia". Bundesreisezentrale BRZ. 17 December 2012. Retrieved 28 June 2022.
  49. ^ "Sanctions vs. neutrality: Swiss fine-tune response to Russia". ABC News. 27 February 2022. Retrieved 21 March 2022.
  50. ^ a b Davis Plüss, Jessica (3 March 2022). "Swiss multinationals under pressure to untangle ties with Russia". swissinfo. Retrieved 7 March 2022.
  51. ^ "Russia Inc.'s Swiss Trading Hub Wrestles With 'Dark Side'". SWI swissinfo.ch. 11 March 2022. Retrieved 27 March 2022.
  52. ^ a b c "Switzerland faces pressure to toughen sanctions on Russia". swissinfo. 26 February 2022. Retrieved 2 March 2022.
  53. ^ Stegmüller, Céline (5 July 2021). "Commodity trading in Switzerland, explained". swissinfo. Retrieved 4 March 2022.
  54. ^ Etienne, Richard (18 March 2022). "A Genève, un roi du négoce de pétrole russe vacille". Le Temps (in French). Retrieved 22 March 2022.
  55. ^ a b c Dimanche/gw, Le Matin (26 June 2022). "Traders with Swiss links continue to buy and sell Russian oil". SWI swissinfo.ch. Retrieved 28 June 2022.
  56. ^ "Investigating Swiss traders' links to murky world of Russian oil". 16 June 2023.
  57. ^ "FT report: Swiss-based companies keep Russian refined oil flowing". 27 June 2023.
  58. ^ Kane F. (July 24, 2023) "Uncertainty over Russian price cap clouds recovery of crude" AGBI (Arabian Gulf Business Insight). Accessed 25 July 2023.
  59. ^ Franchini, Federico (1 April 2022). "War and sanctions impact steel traders in Lugano". SWI swissinfo.ch. Retrieved 1 April 2022.
  60. ^ Harari, Antoine (27 August 2022). "Pour éviter l'embargo suisse sur le charbon russe, des sociétés zougoises mettent le cap sur Dubaï". Le Temps (in French). Retrieved 31 August 2022.
  61. ^ "Konkurs anmelden–"Nord Stream 2 ist zahlungsunfähig"". Schweizer Radio und Fernsehen (in German). 2 March 2022. Retrieved 21 August 2022.
  62. ^ "Russia sanctions: Nord Stream 2 fires more than 140 people in Zug". swissinfo. 2 March 2022. Retrieved 2 March 2022.
  63. ^ Change, Olivia (19 March 2022). "What the Ukraine war means for Switzerland's energy policy". swissinfo. Retrieved 19 March 2022.
  64. ^ Dupraz-Dobias, Paula (2 March 2022). "Swiss trading hub adapts to new wartime reality". swissinfo. Retrieved 4 March 2022.
  65. ^ "Russian Bank VTB's Swiss Commodities Unit Lays Off Workers". SWI swissinfo.ch. 10 March 2022. Retrieved 26 March 2022.
  66. ^ Allen, Matthew (3 March 2022). "The Russian oligarchs' billions frozen in Swiss banks". swissinfo. Retrieved 7 March 2022.
  67. ^ a b "Forget Londongrad: Switzerland in Focus as Sanctions Target Rich". swissinfo. 2 March 2022. Retrieved 2 March 2022.
  68. ^ "Russian clients have up to CHF200 billion in Swiss banks". swissinfo. 15 March 2022. Retrieved 19 March 2022.
  69. ^ Rutishauser, Arthur (24 April 2023). "Guerre en Ukraine – La Suisse héberge 10 milliards pour la banque centrale russe". Tribune de Genève (in French). Retrieved 30 April 2023.
  70. ^ a b Federico Franchini (text) (31 May 2022). "Stay or go? The dilemma of Swiss companies in Russia". SWI swissinfo.ch. Retrieved 1 June 2022.
  71. ^ "Nestle Stops Most of Russian Production, Barring Essentials". SWI swissinfo.ch. 23 March 2022. Retrieved 25 March 2022.
  72. ^ "Cement maker Holcim to quit Russian market". Reuters. 29 March 2022. Retrieved 18 April 2022.
  73. ^ "Sulzer counts cost of withdrawing from Russia". SWI swissinfo.ch. 1 July 2022. Retrieved 9 July 2022.
  74. ^ "Only 18 Swiss companies have completely exited Russia, says Yale professor". SWI swissinfo.ch. 19 February 2023. Retrieved 28 February 2023.
  75. ^ "Swiss-based firms active in Russia are 'filling Putin's war chest'". SWI swissinfo.ch. 9 July 2023. Retrieved 15 July 2023.
  76. ^ "Unilever named ‘international sponsor of war’ by Ukraine" The Guardian (Mon 3 Jul 2023). Accessed 29 Sep 2023.
  77. ^ "Switzerland takes over EU sanctions on Russian gold". SWI swissinfo.ch. 3 August 2022. Retrieved 4 August 2022.
  78. ^ "Wer steckt dahinter? Heisse Spekulationen um Goldimporte aus Russland in die Schweiz"(in German). NZZ.com. Retrieved 24 June 2022.
  79. ^ Dempsey, Harry; Cook, Chris; Times, Financial (17 April 2023). "Swiss-owned company's Russian gold trades expose gap in western sanctions". SWI swissinfo.ch. Retrieved 20 April 2023.
  80. ^ Walker, Owen (8 March 2022). "UBS reveals $10 million of loans to sanction-hit clients". swissinfo. Retrieved 19 March 2022.
  81. ^ "Credit Suisse Flags $914 Million Russia Net Credit Exposure". SWI swissinfo.ch. 10 March 2022. Retrieved 27 March 2022.
  82. ^ a b "Swiss banks count cost of Russia sanctions". swissinfo. 17 March 2022. Retrieved 19 March 2022.
  83. ^ "Credit Suisse CEO Signals Bank to Review Russia Wealth Business". swissinfo. 15 March 2022. Retrieved 19 March 2022.
  84. ^ Jones, Sam; Times, Financial (20 June 2022). "Long shadow of Russian money raises tricky questions for Swiss bankers". SWI swissinfo.ch. Retrieved 28 June 2022.
  85. ^ "Media report: Swiss banks housed funds from Putin confidants". SWI swissinfo.ch. 14 September 2023. Retrieved 22 November 2023.
  86. ^ "Swiss trade with Russia still going strong" swissinfo.ch. Retrieved 27 December 2022.
  87. ISSN 0376-6829
    . Retrieved 17 April 2024.
  88. ^ "Geneva ordered to compensate businessman for time served". swissinfo. 24 July 2000. Retrieved 19 March 2022.
  89. ^ "World: Europe Alleged Russian mafia chief acquitted". BBC. 11 December 1998. Retrieved 19 March 2022.
  90. ^ "Swiss extradite Russian businessman Vladislav Klyushin to the US". swissinfo. 19 December 2021. Retrieved 8 March 2022.
  91. ^ "Russia sanctions list: What the West imposed over the Ukraine invasion". swissinfo. 7 March 2022. Retrieved 8 March 2022.
  92. ^ Shargorodsky, Marat (4 March 2022). "Retour sur l'histoire des oligarques et leur amour pour la Suisse". Bilan. Retrieved 19 March 2022.
  93. ^ "Swiss media on the lookout for Putin's alleged mistress – and Russian oligarchs". SWI swissinfo.ch. 20 March 2022. Retrieved 21 March 2022.
  94. ^ a b "Meet the oligarchs: Switzerland's awkward guests". SWI swissinfo.ch. 25 March 2022. Retrieved 26 March 2022.
  95. ^ "Qui sont les 300 plus riches de Suisse?". bilan.ch (in French). 29 November 2022. Retrieved 4 December 2022.
  96. ^ "Swiss-based Tinkov brands Russian oligarchs 'cowards'". SWI swissinfo.ch. 22 July 2023. Retrieved 1 September 2023.
  97. ^ Salama, Vivian; Parkinson, Joe; Hinshaw, Drew (24 April 2022). "U.S. Withholds Sanctions on a Very Close Putin Associate: His Alleged Girlfriend". The Wall Street Journal. Archived from the original on 24 April 2022. Retrieved 26 April 2022.
  98. ^ MacFarquahar, Neil (14 March 2015). "Putin Has Vanished, but Rumors Are Popping Up Everywhere". The New York Times, USA. Archived from the original on 16 September 2017. Retrieved 7 April 2017.
  99. ISSN 0376-6829. Archived
    from the original on 22 September 2016. Retrieved 28 September 2016.
  100. ^ Hansler, Jennifer (2 August 2022). "US sanctions Putin's reputed girlfriend - CNN Politics". CNN. Retrieved 22 August 2022.
  101. ^ Temps, Le (16 November 2023). "Fuite de données Cyprus Confidential: l'ironique exil bancaire américain des oligarques russes éjectés par UBS". Le Temps (in French). Retrieved 17 November 2023.

External links

Wikimedia Commons has media related to Relations of Russia and Switzerland.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Russia–Switzerland_relations&oldid=1219400765"