Today at 11:49
The Russian Federation is deprived of the opportunity to circumvent sanctions through Switzerland, which, although not part of the European Union, regularly joins every package of sanctions. Economic expert Ilya Neskhodovsky spoke about this on the FREEDOM TV channel.
“We must understand: due to the fact that Switzerland is not part of the European Union, it could become such an island or, let’s say, a door through which Russian oligarchs would be able to carry out their payments. That is, they transfer, for example, money to one country, a second country, they use Switzerland as a country that is quite developed in the banking sector. And thus this leads to the fact that sanctions are circumvented. Therefore, it is very important that Switzerland, as a country that has constant neutrality in many issues and tries not to use its capabilities to limit various calculations, nevertheless joins in relation to Russia. And, accordingly, Russian oligarchs and also Russian companies, Russian individuals who are subject to sanctions, they are not able to make payments through Switzerland,” he said.
The expert emphasized that it is very important that, in general, the sanctions of the European Union, the United States of America and other countries continue to apply.
Neskhodovsky noted that Russian oligarchs are very unhappy with this decision.
“For example, Usmanov (Russian sanctioned oligarch Alisher Usmanov – ed.) recently filed a lawsuit against the Swiss subsidiary of UBS for the fact that its sanctions significantly limited his opportunities and worsened his reputation. Therefore, there is a struggle in this regard. And it’s very good that Switzerland is on our side and, accordingly, constantly limits the ability of Russian oligarchs to make payments,” he said.
Read also: EU solely acknowledges peace by Ukraine’s Peace Formula
Earlier it was reported that Switzerland joined the 14th package of EU sanctions against Russia. The restrictions are aimed at Kremlin propagandists, representatives of the Russian army, those responsible for the deportation of Ukrainian children, FSB employees, companies of the Russian military-industrial complex, as well as structures that are involved in circumventing sanctions. The new measures came into force on July 9.
