Switzerland says it will spend about $2 billion to help Ukraine with humanitarian and development assistance over the next six years, ponying up financial aid for Ukraine as Western critics press Bern to do more to help it defend itself against Russian...
The Swiss government confirmed Friday comments from Washington this week by Foreign Minister Ignazio Cassis that the Swiss government will provide 1.8 billion Swiss francs through 2028 - adding 1.5 billion on top of 300 million already set aside for this year and next.
But other Western countries have pressed Switzerland to do more on other fronts: several European Union member countries have expressed frustration that Bern has not authorized them to send Swiss-made weaponry and other military equipment that they bought to Ukraine. Meanwhile, Swiss trade daily Handelszeitung first reported that the so-called Group of Seven countries - Britain, Canada, France, Germany, Italy, Japan and the United States - this month sent a letter to Swiss authorities seeking more action to strengthen international sanctions against Russia over the invasion of Ukraine.The Swiss Bankers Association estimates that 150-200 billion francs worth of assets are held by Russians in Swiss banks.
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