Swiss companies ‘trapped’ in Russia

1 month ago Swissinfo

Swiss Army knives are very popular in Russia, the fifth-largest market for manufacturer Victorinox © Keystone / Gaetan BallyLeading Swiss brands have withdrawn from Russia because of the war in Ukraine. But since the knives are very popular in Russia, it’s unsurprising that dealers continue to sell them through unofficial channels on the so-called grey market. But by no means all Swiss companies and brands have withdrawn from Russia. But the fact is that most companies simply do not know whether their products enter Russia via the grey market. For example, Swiss chocolate company Lindt & Sprüngli opened its first Russian shop in 2016 and has been expanding steadily ever since.
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