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Russia, Switzerland
Part 3: Swiss fund Horizon Capital AG keeps mum about debts owed by sanctioned oligarch

Russian businessman Mikhail Gutseriev.
Russian businessman Mikhail Gutseriev. © Maxim Shipenkov/EPA/MaxPPP
Worried about legal repercussions since the start of the war in Ukraine, investors have been disentangling themselves from their Russian ties on the Swiss financial market. Like Horizon Capital AG and its sister company SCCF which found themselves owed money by one of Russia's most powerful businessmen, Mikhail Gutseriev, who is now under Western sanctions. [...]
Published on 09.10.2023 at 04:00 GMT Reading time 3 minutes

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