Swiss banks have started warning Russian clients about closing their accounts if they pay taxes to the Russian budget. Bank actions remain selective, not massive. This is reported by RBC with reference to two lawyers working in Switzerland and an interlocutor in the country’s banking sector.
According to one of the lawyers, his clients’ accounts have already been blocked in connection with paying taxes to the Russian budget. The publication’s interlocutor in the Swiss banking sector said that UBS could send such letters to its clients.
Banks can use such measures due to the pressure exerted on them by the Swiss authorities, who announced that they are tightening control over the application of sanctions against Russia.
Roman Kudinov, managing partner of the Swiss law firm LEOLEX, said the company’s clients plan to appeal the banks’ actions as illegal when they receive official written notices.
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