Zug confirms departure due to Russia sanctions
“This has happened in many cases”
Zug’s finance director Heinz Tanler criticizes the “anticipated obedience” to the United States and the European Union. and demands a separate sanctions policy from the Federal Council.
Mr. Tanler, you criticize sanctions against Russia. Why?
Heinz Tanler: In the canton of Zug, we have various cases of institutions or companies that are not directly on the sanctions list, but belong to an approved person and ask us for help because they want to continue working but are blocked. I sometimes see clumsiness, to put it mildly, in the implementation of restrictions. We first report this to Seco, thereby starting a lengthy process. By the time a decision is made after three or four weeks, a company may already be hanging on the ropes. And when Seco eventually issues a declaration of no-objection, which is often the case, banks usually don’t go along with it, out of advance obedience to the United States and the European Union.
So those affected are less likely?
Ultimately it means: I can’t pay, I have to reorganize and say goodbye to Switzerland.
Has this already happened in your canton?
This has happened in many cases. For privacy reasons, I can’t say how many. But if a company does go on, it could affect several hundred jobs.
Russia is waging a fierce war in Ukraine. Don’t you understand the restrictions?
Naturally. To be clear, I have no sympathy for the aggressor in the Kremlin who is waging a war of aggression against Ukraine. But we are adopting the sanctions of the EU, UK and USA without adapting one to our circumstances. What we are asking for are Swiss-style restraints, with a Swiss finish, so to speak. The way things are going now, Switzerland is jeopardizing its rule of law.
Have you submitted your request to the federal government?
I have already been in contact with the Federal Council on personal matters, to which I have been assured that I will respond. But the Federal Council must radically adjust its sanctions policy. Most importantly, we must not jeopardize our rule of law, which is one of Switzerland’s most important virtues.