Switzerland: A haven for Russian money? | DW Documentary
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Published 2024-05-27
Private jets and villas, bank accounts and financial assets: Switzerland is coming under criticism from the international community. Have Swiss asset managers and well-known institutions circumvented sanctions against wealthy Russians with good connections to the Kremlin?
When the Russian army invaded Ukraine in February 2022, the European Union responded with sanctions against Russia. Russian oligarchs who did business in Europe were also affected. Many of them keep their assets in Swiss private banks. Switzerland joined the sanctions, albeit hesitantly and only under pressure from abroad.
However, it appears that some Russian citizens are still managing to circumvent the sanctions. This is indicated by internal documents from a Zurich-based asset manager that were published on the darknet for a short time in 2023. How extensive are the concealed Russian assets? How seriously did the Swiss authorities take the sanctions? And by what means are the US and Europe trying to force the hand of the Swiss banks?
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All Comments (21)
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As an african, I know Switzerland is heaven for our leaders. 😅
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Imagine how much of russian money is in Dubai...
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London and Switzerland have fostered an environment that facilitates the laundering of money. They have established an infrastructure that shields and promotes these financial wrongdoers.
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Switzerland is so neutral not even ethic considerations are affecting their business decisions 😂
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The Swiss lawyer complains that the sanction is in English - not an official language in Switzerland - and therefore incomprehensible, but has a sign on his desk that reads "Pay your lawyer in due time!" (40:45). How do you think the Swiss can afford the Gotthard Tunnel?
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Honest Russians with Swiss bank accounts? I am positive that Swiss are aware of the salaries in Russia, so those honest Russians worked some few hundred years to accumulate their wealth...only to store it Swiss depositories 😂
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Switzerland “Neutrality” its means anybody can have business here even the N4ZIS did and that’s a historical fact.
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The lawyer who is against the sanctions and who smokes his big cigar tells it all. This guy is using casuistries to defend his shady clients.
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Switzerland might hold some of their money, but countries like Germany are providing those oligarchs with those funds
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London competes for this money.
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But why stop at "freeze"? Those assets ($300-B) should be seized & handed over to Ukraine for rebuilding their country.
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If it isn't in Switzerland or went thru London to some tiny islands it is probably in Dubai...
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Poor Swiss bankers.. imagine having to do some work.
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Fun fact: An oligarch is a term used by the West to refer to Russian businessmen. Otherwise, all businessmen and top politicians from across the world have bank accounts in Switzerland.
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Corruption must be bad if those were the best legal arguments the State Secretary was able to afford.
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And they still have the balls to call Africans corrupt....How dare you? 🤣🤣🤡🤡🙄🙄
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Great documentary.
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Outstanding investigative reporting.
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I am glad you took this topic. Thank you!
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Why has Switzerland never been invaded Just follow the money 🤑 💰 💵 😢❤
