Some Swiss banks have begun to close the accounts of citizens holding both Swiss and Russian passports at the same time. Roman Kudinov, managing partner of the law firm Leolex, talked about this in an interview. Vedomosti.
Ekaterina Popova, multi-family office partner of the ITSWM group of companies, also confirmed that this application is available in Switzerland.
Kudinov stated that many clients of UBS and Credit Suisse with dual citizenship encountered this problem. They all pay taxes in Switzerland, but do not receive income and do not pay taxes in Russia.
The office is considering legal recourse with its clients, including bringing oppression and discrimination claims. A UBS representative declined to comment on Vedomosti’s request.
Russians’ problems with Turkish banks were known before. One way to solve the problem is to pay between Moscow and Ankara is Establishment of banks with 100 percent Russian capital in Turkey. This will allow countries to continue using the Mir payment system, analyst Engin Özer told reporters.
Formerly Central Bank of the Russian Federation elongated The right of banks not to disclose sanctions-sensitive data.