How many Russian billions are there in bank accounts in Switzerland? The number is mind-boggling

I am at least one cent the names of Russian personalities and companies caught in the crosshairs State Secretariat for the Economy in Switzerland. ministermembers of the Duma, oligarchs and more than 50 companies.

Switzerland has ordered the blocking of bank accounts for everyone and the country’s banks are also called upon to do so explain all associated accounts non-resident Russian customers in Switzerland if they i 100,000 francs. a radical choice which is expected to have a negative impact on the GDP of the country of the Red Cross.

Billions of frozen capital

Let’s start right away: there are no exact figures on the extent Deposits from Russian customers in Swiss institutions. Since the Swiss National Bank (SNB) generally discloses this global datawithout specific reference to the deposits of persons of foreign nationality.

In any case, the amounts deposited by foreign customers with the Bundesbank at the end of 2020 amounted to approximately 3400 billion francs.

Among these – according to rumors gathered by the The New Zurich Times (NZZ) – Russian customers would represent a percentage 1 et 5%. which is equivalent to one share between 34 and 170 billion francsconverted into euros, corresponds almost to the equivalent.

Financial assets include deposits of Titrebut also deposits of Clients et curator.

Swiss certainty

In a November 2021 report, the Swiss Embassy in Russia reported:

“The Swiss financial center has traditionally enjoyed great popularity among Russian banks, investors and savers. For years, Switzerland has been by far the most important destination in the world for wealthy Russians to manage their wealth. »

L’excellent Appel of the financial centre, the certainty To the rightstability Politics and be neutrality they have always been attractive factors for Russian clients compared to Swiss institutions. In which 2020 actually one Transfer registers assets of Russian residents in Swiss accounts: $2.5 billion. A trend that continued in 2021: a total of 1.8 billion was reached in the first two quarters alone.

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