Parmelin defends ‘no’ to joining the Oligarch Task Force
Swiss Economy Minister Guy Parmelin has defended the country's government's "no" to Switzerland joining the international task force to track down Russian oligarchs' money. Joining was not in the country's interest, he told the Neue Zürcher Zeitung (NZZ).
This content was published on
2 minutes
Keystone-SDA/amva
Русский
ru
«Решение Берна не присоединяться к REPO было правильным»
“In an increasingly polarised world, Switzerland, as a neutral country, has an interest in maintaining a certain restraint,” the Swiss People’s Party parliamentarian said in the written interview.
Parmelin warned that the work in the task force could increase pressure on Switzerland. “There could also be pressure within the body that Switzerland would have to take on, for example, those of the US in addition to the EU sanctions.” Switzerland must retain its freedom of decision on this issue.
The Swiss government plans to vote on a motion on task force accession next week.
Diplomats from France, Italy, Germany, the USA, Canada, Japan and the UK had called on Switzerland in March to become more involved in the search for Russian money.
Earlier this year, ambassadors from the G7 countries sent a letter to the Swiss government asking it to join the REPO (Russian Elites, Proxies, and Oligarchs) taskforce, an international taskforce for implementing the sanctions on Russian oligarchs.
To date, Bern has declined to join.
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles. You can find them here.
If you want to know more about how we work, have a look here, and if you have feedback on this news story please write to english@swissinfo.ch.
External Content
Your subscription could not be saved. Please try again.
Almost finished… We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.
Popular Stories
More
Swiss Politics
Why cars still reign supreme in ‘rail-nation’ Switzerland
Swiss central banker wants to boost equity to head off risks
This content was published on
Equity levels at the Swiss National Bank (SNB) are much too low for the risks its large balance sheet poses, according to Martin Schlegel.
Beer sales in Switzerland watered down by bad weather
This content was published on
The past brewing year fell through in Switzerland, partly due to the bad weather. Beer sales shrank again. For the first time, per capita consumption fell below the 50 liter mark.
Compensation for Syrian after pregnant wife denied help on Swiss train
This content was published on
Switzerland’s Federal Court has partially upheld the appeal of a Syrian family being deported from Switzerland to Italy in 2014. The man now also receives compensation.
Swiss-EU negotiations: Cassis to meet Sefcovic in Bern
This content was published on
Swiss Foreign Minister Ignazio Cassis will meet the Vice-President of the EU Commission, Maros Sefcovic, in Bern on Wednesday.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Swiss Bankers Association chief rejects US criticism
This content was published on
The head of the Swiss Bankers Association has countered earlier US criticism about Switzerland hiding Russian oligarch money.
This content was published on
The unprecedented range of global sanctions imposed on Russian oligarchs creates a headache for the Swiss financial centre.
This content was published on
Switzerland makes an “extraordinary effort” to enforce sanctions against Russian oligarchs and entities, according to the official in charge of coordinating measures.
Swiss government has no plans to join G7 sanctions taskforce
This content was published on
The country has resisted pressure to join the international REPO taskforce coordinating western sanctions against Russia.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.