Switzerland warned against seizing Russian assets ...News

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Switzerland warned against seizing Russian assets
The move would undermine confidence in the country’s banking system, according to the former head of Deutsche Bank Former head of Deutsche Bank Josef Ackermann has warned Switzerland against confiscating Russian assets that have been frozen under EU sanctions, as the move would jeopardize investor confidence in the Swiss banking system. In an interview with Blick news outlet, Ackermann likened the measure to “opening a Pandora’s box.” He said Switzerland could well lose its status as a global financial center if it chooses to formally hold individual Russian citizens responsible for the actions of their government

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