The war leads to a virtue competition between the financial centers: which is why Switzerland can almost only lose
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The hunt for hidden oligarch funds enables large countries to gain power. For Switzerland, there is nothing to gain from conscientious implementation of the sanctions against Russia. An assessment.
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The Swiss financial center has come under pressure as a result of the war in Ukraine.
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“What I do not know will not hurt me.” The popular idiom may be useful to keep additional trouble at bay in ordinary everyday life. In tense and dangerous situations, such as the war in Ukraine, it is definitely the wrong instruction. No democratic country should be suspected of even indirectly contributing to the financing of the Russian war machine. In February, against the background of the war, Switzerland felt compelled to push its beloved principle of neutrality to the breaking point and fully adopt the EU sanctions against Russia.
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