Russia Inc.’s Swiss Trading Hub Wrestles With ‘Dark Side’
- Zug is home to firms linked to Abramovich, Deripaska, Potanin
- Russian metals traded in Zug risk helping Putin, say critics
Demonstration against war and Russian businesses in Zug, Switzerland, on March 3.
Photographer: Marion Halftermeyer/BloombergThis article is for subscribers only.
The central Swiss city of Zug isn’t given to political protests, but last week residents took to the streets carrying placards saying “No to Putin’s War” and “Blood Money” as they decried the town’s role as host to one of the largest concentrations of Russian businesses outside Russia.
“We ask Switzerland to support Ukraine and stop doing business with Russia,” Tetiana, a Ukrainian now living in Switzerland whose family is still stuck in Kyiv, said as she addressed a crowd at dusk in the city’s old center. She didn’t want her last name published for fear of reprisal.