Timepieces worth millions of dollars were taken by FSB agents in Moscow, according to a Swiss paper
Highlights
- Russian agents seize millions of dollars worth of Audemars Piguet watches in Moscow.
- Swiss paper says move was ’likely an arbitrary repressive measure in response to sanctions’ Swiss foreign affairs department officials said the move was ‘most likely an arbitrary measure’ Russia was the 17th-biggest export market for Swiss watches in 2021, accounting for 260m Swiss francs of shipments.
- Swiss member of parliament Roger Köppel first revealed the information on a YouTube video.
- The Swiss government announced it would halt exports to Russia and pause operations in Moscow at the end of February.
- For many of Europe’s top consumer-facing companies, a fullscale exit from Russia has proved challenging