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UKRAINE

Switzerland to host Ukraine peace conference without Russian involvement

The Swiss government on Wednesday announced that it would host a high-level peace conference for Ukraine in mid-June, but said Russia would not attend.

A woman displays a candle as she participates in a
Switzerland will host a peace conference for Ukraine without the presence of Russia. (Photo by OLIVER BUNIC / AFP)

The conference will take place at the luxury Burgenstock resort near the central city of Luzern on June 15th -16th and would be hosted by Swiss President Viola Amherd.

“This is a first step in a process towards a lasting peace,” she told reporters in Bern.

Russia quickly slammed the planned conference and Amherd acknowledged that “we will not sign a peace plan at this conference”, but said she hoped “there will be a second conference”.

“We hope to start the process.”

Russia, which invaded Ukraine in February 2022 and is putting Ukrainian forces under new pressure, condemned the event as being part of a scheme by US President Joe Biden’s Democratic Party ahead of this year’s presidential election.

“American Democrats, who need photos and videos of events that supposedly indicate their project ‘Ukraine’ is still afloat, are behind this,” the state-run TASS news agency quoted foreign ministry spokeswoman Maria Zakharova as saying.

Switzerland hopes to get Russia into later talks.

The government said in January, during a visit by Ukrainian President Volodymyr Zelensky, that it wanted to organise a peace conference this year.

‘Support for peace’

The government said in a statement Wednesday that it “took note of the results of the exploratory phase of the high-level conference on peace in Ukraine”.

It determined that “there is currently sufficient international support for a high-level conference to launch the peace process.”

In January, Zelensky spoke of a “summit” without any Russian participation.

But traditionally neutral Switzerland wants to find a way to bring the Kremlin into the talks, and has been battling to attract China and other emerging powers.

Swiss Foreign Minister Ignazio Cassis also tried to woo Moscow, meeting with his Russian counterpart Sergei Lavrov in New York in January.

Russia, angered by the Swiss decision to follow the neighbouring European Union in imposing sanctions, has charged the country can no longer be considered neutral.

On Wednesday, Cassis acknowledged Russia’s absence from the table but stressed that the aim was to include Moscow in future talks.

“A peace process cannot happen without Russia, even though it will not be there during the first meeting,” he said.

Since deciding that it wanted to host a conference, the Swiss government said it had been “in direct contact with numerous states to explore options for initiating a peace process”.

Switzerland had held talks with G7 member states, the EU and representatives of the Global South, including China, India, South Africa and Brazil, it said.

Bern did not disclose who would be attending, but Swiss media reports said US President Joe Biden would be on the list.

The conference will be aimed at establishing “a forum for a high-level dialogue on ways to achieve a comprehensive, just and lasting peace for Ukraine in accordance with international law and the UN Charter,” the government said.

“It aims to create a common understanding of a framework favourable to this objective and a concrete roadmap for Russia’s participation in the peace process.”

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UKRAINE

Swiss consider using Russian assets for Ukraine reparations

Swiss lawmakers have narrowly backed moves towards allowing the use of frozen Russian state assets to fund war reparations in Ukraine.

Swiss consider using Russian assets for Ukraine reparations

The issue has been hotly debated in Switzerland, where discretion in the key banking industry and the country’s tradition of neutrality are highly valued.

The upper house of parliament on Thursday voted by 21-19 in favour of a series of government-backed motions, with three abstentions. The lower house passed them last year.

They pave the way for the government to work on an international legal basis for using frozen aggressor-state assets to pay for reparations in attacked countries.

More than $8 billion in Russian central bank reserves and assets are held in Switzerland.

“The facts are very clear indeed,” Foreign Minister Ignazio Cassis told parliament’s upper house.

“Russia has seriously violated international law. It must therefore repair the damage caused.

“International discussions are under way regarding compensation mechanisms and Switzerland is participating with its knowledge, its skills and all its history in this area.”

Bern will now seek to establish the international legal basis needed for a reparations mechanism to be developed at the global level.

It would be aimed at allowing frozen funds from an aggressor’s central bank, or assets of its state-owned companies, to be legally transferred to an attacked state.

Lively debate

Thursday’s vote followed a lively debate in the upper chamber.

There was concern about whether Switzerland’s image on neutrality might be harmed, and whether Switzerland was doing enough when there was war in Europe.

Cassis argued that since Russia’s full-scale invasion of Ukraine in February 2022, Switzerland had supported the affected populations with around three billion Swiss francs ($3.4 billion).

The government also aims to spend around 1.5 billion Swiss francs on Ukraine and the region between 2025 and 2028. Switzerland also plans to host a peace conference later this year.

“We don’t have to blush when we talk about Ukraine on the international stage,” Cassis said, whether it was on the financial, diplomatic or humanitarian front.

Switzerland’s long-standing position is one of well-armed military neutrality.

It has refused to send arms to Kyiv or allow countries that hold Swiss-made weaponry to re-export it to Ukraine.

But it has matched the European Union’s economic sanctions on Russia.

The economic affairs ministry said in May last year that 7.4 billion Swiss francs of Russian central bank reserves and assets were being held in Switzerland.

Switzerland has also frozen 7.5 billion Swiss francs in Russian funds and assets owned or controlled by sanctioned persons, companies or entities, the ministry said at the time.

The country is a long-favoured destination for wealthy Russians and their assets.

The Swiss Bankers Association estimated that in March 2022, Russian clients held approximately 150 billion Swiss francs in banks in Switzerland.

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