Article in “MENAFN”, March 2022

Swiss banks count cost of Russia sanctions

Swiss pension funds have detailed Russian related losses, including a CHF170 million hit by the largest fund, Publica. The Zurich-based consultancy group PPCmetrics estimates that Swiss pension funds have on average between 0.3% and 0.5% of assets invested in Russia. Funds have also incurred recent losses from a general dip in global equity markets.

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