Swiss banks: Putin went too far this time
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Imagine how transparently indefensible your war of imperialist aggression has to be to compel FIFA and Swiss banks to turn away in moral revulsion:
Switzerland, a favorite destination for Russian oligarchs and their money, announced on Monday that it would freeze Russian financial assets in the country, setting aside a deeply rooted tradition of neutrality to join the European Union and a growing number of nations seeking to penalize Russia for the invasion of Ukraine.
After a meeting with the Swiss Federal Council, Switzerland’s president, Ignazio Cassis, said that the country would immediately freeze the assets of Russia’s president, Vladimir V. Putin, Prime Minister Mikhail V. Mishustin and Foreign Minister Sergey V. Lavrov, as well as all 367 individuals sanctioned last week by the European Union.
Switzerland said it was departing from its usual policy of neutrality because of “the unprecedented military attack by Russia on a sovereign European state,” but expressed a willingness to help mediate in the conflict. It also joined European neighbors in closing its airspace to Russian aircraft, except for humanitarian or diplomatic purposes. But said it would evaluate whether to join in subsequent E.U. sanctions on a case-by-case basis.
Who knows what Putin will do about this — a rational actor never would have launched this invasion in the first place — but it’s hard to imagine the plutocrats who are the only people who can hold him accountable are happy with any of these events.