Swiss banks reveal how much Russian money they hold

Swiss banks reveal how much Russian money they hold

Swiss banks, prized for their anonymity and safety, made a rare estimation of holdings by Russian clients amid sanctions slapped on Moscow due to the military operation in Ukraine. The country’s Bankers Association (SBA) said on Thursday that there are between 150 and 200 billion Swiss francs ($160-$213 billion) of Russian clients’ money held in…

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