Russian business raises stake in small market

Wednesday, December 31, 2014

by Matthew Allen,

Having previously dipped a toe into the market, Russian firms have been gradually building up a presence and diversifying in Switzerland over the last few years.

One observer of Russian business interests in Switzerland estimates that the number of enterprises has nearly doubled in the last five years to reach around 200 separate entities.

The presence is still mainly felt in the commodities market with Switzerland trading some 75 per cent of all Russian oil exports.