Switzerland to release another CHF1.5 billion for Ukraine
Swiss Foreign Minister Ignazio Cassis has emphasised Switzerland’s commitment to long-term support for Ukraine. The government said it intends to provide at least another CHF1.5 billion ($1.7 billion) by 2028.
This content was published on
3 minutes
Keystone-SDA/ts
Español
es
Suiza destinará otros 1 500 millones de francos a Ucrania
The support is to be provided as part of the international cooperation strategy for 2025 to 2028, the foreign ministry said on Wednesday.
Together with the CHF300 million earmarked for 2023 and 2024, Switzerland would support Ukraine with at least CHF1.8 billion over the next six years, it said.
Swiss cantons have also donated five ambulances to Ukraine, it was announced on Thursday. Three fire engines and fire fighting equipment will also be delivered in the coming weeks.
Speaking at the spring meeting of the World Bank Group (WBG) and the International Monetary Fund (IMF) in Washington, DC, Cassis also emphasised the importance of the Lugano Declaration, the result of the first conference on the reconstruction of Ukraine, held in the Swiss city of Lugano in July 2022.
According to Cassis, the declaration contains important guiding principles for reforms and transparency which are necessary for sustainable reconstruction.
More
More
Swiss conference sets principles for Ukraine reconstruction
This content was published on
An international conference to support Ukraine has agreed to a series of principles to oversee the reconstruction of the war-torn country.
Before the conference Cassis met Ukrainian Prime Minister Denys Shmyhal. He also wants to use his stay in Washington to establish contacts with high-ranking representatives of the WBG and the countries that belong to Switzerland’s constituency in the so-called Bretton Woods institutions (WBG and IMF).
America strategy
Justice Minister Karin Keller-Sutter and Swiss National Bank President Thomas Jordan will also take part in the IMF conference on Friday. The two will present “Switzerland’s most recent measures to safeguard financial stability” at the meeting of G20 finance ministers and central bank governors, according to the foreign ministry.
The conference comes almost a month after Credit Suisse, Switzerland’s second-largest bank, imploded, requiring a government-ordered merger with rival UBS.
More
More
Swiss regulator calls for more power after Credit Suisse turmoil
This content was published on
FINMA wants more power to sanction and name and shame banks that break the rules, following the Credit Suisse collapse.
The foreign ministry also emphasised that since February 2022 the government has been pursuing an America strategy with which “Switzerland is striving for a coherent approach towards the American continent and to strengthen the coherence of Swiss foreign policy”.
As part of the implementation of this strategy, Cassis will travel to Chicago on Friday to take stock of the re-opening of the consulate general there. The re-opening corresponded to a request from parliament, which had called for more support for Swiss companies in the greater Chicago area.
More
More
Switzerland re-opens consulate in Chicago
This content was published on
Switzerland’s foreign minister inaugurated a new consulate general in Chicago.
Protein in abdominal fat could help shape obesity treatment
This content was published on
The study analysed fat cells from different locations in the body, and found that those in the abdomen have unique properties.
North African asylum claims fall after rapid Swiss processing
This content was published on
The accelerated procedure, now out of its test phase, has resulted in a significant drop in applications from North African countries.
This content was published on
The artist's song "The Code" focuses on their journey as a nonbinary individual. It is one of the favourites to win this year's contest.
Swiss climate activists block vehicles near Gotthard tunnel
This content was published on
Around ten climate activists briefly blocked the A2 motorway near the northern entrance of the Gotthard tunnel on Thursday.
Watches belonging to Michael Schumacher up for auction
This content was published on
Schumacher's family is auctioning off eight rare watches from his collection in Geneva. The Christie's auction will take place on Monday.
Joya Marleen and Baschi named best solo acts at Swiss Music Awards
This content was published on
St. Gallen singer Joya Marleen and Baschi from Basel were named artists of the year at the Swiss Music Awards 2024 on Wednesday night.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Switzerland and the US plan annual talks
This content was published on
This declaration of intent represents a “significant milestone” with one of Switzerland’s main partners in many areas, according to Swiss State Secretary Livia Leu. She met on Friday with US Deputy Secretary of State Wendy R. Sherman. “We value our Swiss partners and will continue to work together closely to advance shared interests bilaterally and on…
How the war in Ukraine fuels underfunding for other crises
This content was published on
UN refugee agency UNHCR says it is facing an unprecedented funding gap this year. The situation is similar for other aid agencies.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.