There should be more Swiss watches on their way to Russia after a deal removing some administrative hurdles.
Keystone / Salvatore Di Nolfi
Swiss Finance Minister Ueli Maurer and his Russian counterpart Anton Siluanov signed an agreement in Bern on Friday to ease access to Russia for Swiss watches.
This content was published on
1 minute
Keystone-SDA/jc
Русский
ru
Швейцарские часы получают более легкий доступ на российский рынок
The deal will remove some administrative hurdles for watches being imported into Russia, the Federal Department of Finance (FDF) said in a press releaseExternal link. This is being done through an amendment to a 2011 agreement on mutual recognition of official hallmarks on precious metals in the watch industry.
Maurer and Siluanov also discussed Russia’s request for a revision of the existing double taxation agreement between the two sides and “agreed to begin negotiations as soon as possible”, according to the FDF.
Trade between the two countries amounts to CHF4.1 billion ($4.4 billion), it said. Moscow holds CHF16.6 billion of Swiss capital stock, making it the ninth largest foreign investor in Switzerland. Swiss investments in Russia amount to CHF28.9 billion.
Popular Stories
More
Culture
Wealth is not all: how gentrification in Zurich has led to housing shortage
Should Switzerland take measures to support its struggling industries?
Industrial policies are back in fashion, not only in the United States but also in the EU. Should Switzerland, where various industries are struggling, draw inspiration from such policies?
Switzerland announces candidacy to chair OSCE in 2026
This content was published on
Switzerland is officially in the running to chair the Organisation for Security and Cooperation in Europe (OSCE) in 2026, the foreign ministry announced on Thursday.
Switzerland assumes protecting power mandate for Ecuador in Venezuela
This content was published on
At Quito's request, Switzerland will represent Ecuador's interests in Venezuela, the Swiss foreign ministry announced on Thursday.
Swiss researchers find security flaws in AI models
This content was published on
Artificial intelligence (AI) models can be manipulated despite existing safeguards. With targeted attacks, scientists in Lausanne have been able to trick these systems into generating dangerous or ethically dubious content.
Two Swiss nationals indicted for supporting Islamic State
This content was published on
The Office of the Attorney General of Switzerland has filed charges against two Swiss nationals, aged 22 and 28, who are accused of supporting the banned terrorist group Islamic State.
This content was published on
The Swiss parliament has finalised the 2025 federal budget, with the army receiving more money at the expense of foreign aid.
Switzerland expresses sympathy after earthquake hits South Pacific
This content was published on
"Our thoughts are with the people of Vanuatu who are struggling with the consequences of this devastating earthquake," the Swiss embassy in Australia said.
This content was published on
The Swiss agricultural sector is to benefit from greater federal support between 2026 and 2029, after a vote by the House of Representatives 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 watch exports will not return to pre-Covid levels until 2023
This content was published on
Exports of Swiss watches are unlikely to return to pre-coronavirus pandemic levels over the next couple of years according to estimates.
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.