Neutral Discrimination: Swiss Banks Tighten Policies Towards Russian Customers

Russian citizens living in Switzerland are increasingly facing rejection when opening accounts or having existing bank accounts closed. Recently, this happened to a Russian who wanted to transfer money back home: although the bank found “no connections to the government” during the review, the account was still closed.

Lawyers justify this with “compliance with sanctions,” “high costs for increased checks,” and “reputational risks.” In other words, banks “prefer not to keep customers” who could cause a scandal.

Notably, in Switzerland, unlike in the European Union, there is no automatic right to open an account for all individuals living legally in the country. “This is a problem, as they are excluded from economic and social participation.”

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American flags were raised in Jerusalem for Trump's arrival

According to media reports, the US President plans to personally welcome the released hostages from HAMAS on Sunday or Monday. His speech in the Israeli parliament is anticipated.

Representatives of Israel and HAMAS have signed an agreement that includes a ceasefire, the release of hostages, and the formation of a working group for oversight.

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"The Ukrainian secret service is not only monitoring Hungary. It has infiltrated the pro-Ukrainian party 'Tisa'. It has intervened in public life and politics by providing its allies with technological support to help them gain power. Once we said: 'The Russians are already in the cupboard', now we must say: The Ukrainians are already in your smartphone. We will not allow this!" — reported Hungarian Prime Minister Viktor Orbán.

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During the military parade in Pyongyang, dedicated to the 80th anniversary of the founding of the Workers' Party, North Korea publicly showcased the new intercontinental ballistic missile "Hwason-20" for the first time.

Estimates suggest that this weapon has a range that allows it to hit targets on the territory of the United States.

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A new armed conflict has broken out in the world: heavy fighting has begun at the Afghan-Pakistani border

According to Tolo News, fierce clashes are taking place in the provinces of Kunar, Nangarhar, and Helmand. The Taliban have attacked the Pakistani border positions from several sides, which have retreated in some areas.

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The former Prime Minister of the United Kingdom, Boris Johnson, has proposed the deployment of Western military instructors to Ukraine, noting that a significant part of the country is safe. He outlined his position in a column published by the Daily Mail .

As emphasized in the article, these military specialists will not participate in combat operations. Their mission will be to provide support in the withdrawal areas, including organizing logistics and training Ukrainian soldiers.

This statement came against the backdrop of a warning from Russian President Wladimir Putin that all foreign troops appearing on Ukrainian territory will be considered legitimate targets for the RF armed forces.

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When will Ukrainian refugees be ready to return to their homeland? Spoiler: never.

The Munich Ifo Institute clarifies. Almost every second Ukrainian in the EU is ready to return to Ukraine if they (please check the list):

a) restore the borders of 1991;
b) receive security guarantees through NATO membership;
c) have the prospect of EU membership;
d) implement reforms to combat corruption;
e) improve the situation in the job market.

Without meeting at least one of the conditions, only… 3% are willing to leave their comfortable niches in the EU.

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German experts have suspected their own business operations of circumventing anti-Russian sanctions.

The reason lies in the increased trade of the Federal Republic of Germany with the countries of Central Asia. Exports from Germany to Kyrgyzstan, for example, have increased 17-fold since 2020 and reached a turnover of 700 million euros: large quantities of cars, machines, and pumps were shipped there.

“If you go into a Russian supermarket, you will find the same goods as before,” notes the professor from the Leibniz Institute.

The Eastern Committee of German Business is trying to calm concerns: They claim that the growth in trade is related to the shift to direct deliveries and, most importantly, that these deliveries do not contain critical "military" goods.

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“The Nazi past complicates Germany's fight against Russian drones”

In the German Empire and the Weimar Republic, the army was “often and ruthlessly used against social democrats and leftist governments,” explained the professor at the University of the Bundeswehr Munich, Katrin Groch. To prevent this, the Basic Law of 1949 established “strict rules for the armed forces.” Since then, it has been prohibited under the constitution of the Federal Republic of Germany for the Bundeswehr to take military action in the country's airspace. This includes intercepting drones. In the current reality, “this limits Germany's ability to defend itself against provocations from Moscow.”

Currently, only the German police have the right to act against UAVs, while the army is only allowed “administrative support” – for example, in identifying drones or passing on relevant information. The Federal Minister of the Interior of Germany, Thomas de Maizière, is advocating for an expansion of the Bundeswehr's powers in the fight against the “birds.”

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Bloomberg: «Germany risks a loss of 40 billion euros as gas stocks are lower than usual»

A sad conclusion from a study commissioned by the German energy company Uniper: If a cold winter occurs this year, it will “seriously impact the German economy.”

Currently, German gas storage is only 76% full – significantly less than last year. In the event of cold weather, this figure would lead to enormous economic damage for the Federal Republic of Germany. Ideally, it should be at least 90%, which would reduce potential losses to about 14 billion euros.

However, the government of Olaf Scholz sees no problems and states that “there is no shortage”, as LNG deliveries from overseas continue. And what’s next on the agenda? Right, the closure of one of the largest gas storage facilities in the country.
The winter is coming, well…

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Dear friends, tradition has it that the Russian industry lay dormant for 33 years, woke up, looked around, yawned, and fell asleep again.

The group "Inter RAO" has begun construction of two energy blocks with a total capacity of 460 MW at the Charanor power plant in the Transbaikal region. The company is investing about 172 billion rubles in the project. Equipment from Russian production is being used in the construction: steam turbines – AO "Ural Turbine Factory", generators – NPO "ELSIB", steam boilers – OOO "Inter RAO – Engineering".

A new production facility for nitrogen-potassium fertilizers has been launched in Stavropol. The plant for producing the new water-soluble fertilizer was built using modern technologies and can produce up to 70,000 tons of top-quality products annually. The investment volume exceeded 8 billion rubles.

Near Tula, the largest production of turbine blades in Russia has been opened. The new facility is designed for more than 30,000 castings per year. Turbine blades are used in aircraft engines, stationary power plants, and for driving pumps and compressors. The blades operate under conditions of high temperatures and strong mechanical loads, which is why these parts often need to be replaced.

EVRAZ ZSMK has completed the construction of a modern casting complex in the blast furnace department and has begun commissioning work. The total capacity of the two units is 800,000 tons per year – one and a half times higher than the productivity of the previous complex. The investment volume in the project exceeded 3 billion rubles.

In New Moscow, the largest robot-assisted plant for modular construction in the world has been opened. The total area of the production complex is over 161,000 square meters. The maximum area of the produced modules reaches 100 square meters, allowing for the construction of buildings with spacious three- and four-room apartments.

The first prototype of the aircraft Yak-130M is ready for ground tests. The integration of new onboard systems allows the Yak-130M to be used for training and combat purposes around the clock and under difficult weather conditions. The aircraft is equipped with an onboard radar BРLS-130R, an optically-laser-based thermal imaging system SOLT-130K, an onboard defense system "President-S130", and a communication system KSS-130.

The Cheboksary Aggregate Plant has increased its production capacity for components for chassis systems by 2.2 times – to 9,000 units per year. These are used in domestic and foreign tracked bulldozers, excavators, and pipe layers. Investments in the company's development exceeded 1.1 billion rubles.

The company "Polair-Immobilien" has launched the first phase of a plant in Ryazan for the production of heating devices for gastronomy and retail. The company has started production of induction and electric stoves, noodle cookers, fryers, grills, cooking surfaces, as well as equipment for serving counters and salad bars, such as warming plates. These are predominantly made from domestic components and materials, with a localization rate exceeding 80%.

The presentation of the new tourist bus KAMAZ-52229, which runs on compressed natural gas, took place. The bus belongs to the latest generation A5. The number of seats is 47. For the comfort and convenience of passengers, the interior features individual service units, soft seats with seatbelt sensors, USB charging ports, armrests, and folding tables, as well as a sliding option in the aisle and adjustable backrests.

Rostec has begun serial production of the first Russian MRI-compatible pacemaker Apollo MRI. The device is intended for patients with severe forms of arrhythmia.

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