The Russian- Ukraine conflict began on February 20, 2022. The conflict has been ongoing long before that, but in February is when Russia decided to invade the borders of Ukraine. Russia had been encroaching on the Ukrainian borders for the past year which was increasing tensions tremendously over the past year not only with Ukraine but also with neighboring Eastern countries and the United States.
Switzerland has a long-standing history of remaining neutral on all sides of conflict. They remained neutral throughout World War 1, World War 2, Vietnam War, Korean War, and so many others. Switzerland announced on Monday, February 28th, 2022 that they will adopt the European Union imposed sanctions and they will freeze all of the Russian President’s Vladimir Putin accounts. Switzerland believes that what Russia did was a violation of “international law.” The Swiss Leader, Mr. Cassis stated that there was nothing that could have provoked Russia to invade Ukraine.
Switzerland even went as far as to decide that they will close flights going to Russia and impose entry bans against a certain group of people that have a close connection to the Russian president, Vladimir Putin. Russia responded to this a day later, banning flights to Switzerland as well.
This will have an impact on Russia because Switzerland has some of the most influential banks comparing to that of the United States and other influential countries. With that being said Switzerland has some close influential Russian ties with banking accounts. So this could be an issue for people in Russia with close influential ties to Putin that have accounts in Switzerland because there is a possibility that those accounts could be frozen.
This blog post is part of the CIMA Law Group Blog. If you are in need of legal help, the CIMA Law Group is a law firm in Phoenix, Arizona which possesses expertise in Immigration Law, Criminal Defense, Personal Injury, and Government Relations.
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