Part of Putin's money just got 45% boost because they were in Swiss frank. That's all. So Putin and his friends will just say "thanks, lol". Maybe it's not so long story as in article, but article is just to far from reality, sorry.
This really doesn't make much sense to me. There were a lot of good reasons for the SNB to drop their peg to their EUR, probably first and foremost the potential of quantitative easing being introduced for the EUR. This would have made it more and more expensive to keep up the fixed exchange rate.
I also don't see any reason why this would have affected Russians more than people from any other country. So if your goal is to hurt Russia, I don't think this was a good way to do it.
On the other hand, if you are Russian with Swiss francs, you are now worth lots and lots more roubles and seeing that it costs you to hold money in Switzerland, you're going to take that money out of Switzerland and return it to Russia.
You're actually better off and spending that money in Russia. Putin should be very pleased with the Swiss.
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[ 4.0 ms ] story [ 24.4 ms ] threadI also don't see any reason why this would have affected Russians more than people from any other country. So if your goal is to hurt Russia, I don't think this was a good way to do it.
That is hysterically naive.
You're actually better off and spending that money in Russia. Putin should be very pleased with the Swiss.