In contrast to its competitors – Luxembourg, London, Dubai, Hong Kong – Switzerland and its banks provide foreign clients with guaranteed political neutrality, which again became relevant in connection with the events around Ukraine. The most recent US and EU sanctions are a big factor to why wealthy Russians have become increasingly committed to channelling their money into Switzerland.
The financial mediators in Switzerland are forbidden to serve people who fall under the sanctions. However, there is no indication in relation to all others. It is this factor that holds great promise and attracts the interest of the wealthy Russians to place their money in Switzerland.
Who knows how this will end… ?