The report by the Swiss Bankers Association (SBA) and consultants zeb said on Thursday that Swiss policymakers should develop an approach to sanctions that ensures neutral Switzerland remains a safe haven for banks and their customers […]
Shortly after Russia’s 2022 invasion of Ukraine, Switzerland decided to adopt EU sanctions against Moscow. One measure was to freeze assets belonging to sanctioned Russians.
August Benz, deputy head of the SBA, raised concerns about Switzerland’s rapid adoption of sanctions […]
According to bankers, Switzerland’s clear stance on the Ukraine war has raised fears among foreign customers that it could support further Western sanctions in the future.
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Addition:
A survey of Swiss banks has highlighted international sanctions imposed on other countries, such as against Russia over Ukraine, as the greatest geopolitical risk to their business