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Age Stop Switzerland

December 10, 2022December 26, 2022

Blick has learned of a request by five Russians for the Swiss authorities to lift sanctions

Five Russian citizens sent a request to the Swiss government to remove them from the sanctions list, the publication Blick writes, citing the press service of the Federal Department of Economy.

“Five applications have been filed,” a spokesman for the department said, noting that he could not give the names of those who applied.

However, according to the newspaper, one of those who submitted the request is former Sinara Group chairman Alexander Pumpyansky.

Some of the sanctioned Russians filed requests back in the spring and their lawyers complain that Swiss authorities have to wait months for a decision, Blick says.

Alexander Pumpyanskiy came under sanctions of the European Union and then Switzerland in early March. After that he and his father Dmitry Pumpyansky (Forbes Online estimates his fortune at $2 billion) left Sinara Group (key industries: machine building, development and financial services) and left the boards of directors of Sinara, Bank Sinara PJSC and STM JSC.

Dmitry Pumpyanskiy also left the list of beneficiaries and directors of the Pipe Metallurgical Company (TMK), in which he owned 90.6% through TMK Steel Holding Ltd. Alexander also left TMK’s Board of Directors.

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