` Oil Tycoon ` Mikhail Khodorkovsky ‘ has been `Granted ‘ a `One-Year Permit ‘ in Canton St Gallen Switzerland ‘

#AceFinanceNews – GENEVA – March 30 – Former Russian oil tycoon Mikhail Khodorkovsky has been granted a one-year resident permit in Switzerland and plans to settle in Canton St. Gallen, Switzerland’s migration authorities said on Sunday.

“His application was approved,” Martin Reichlin, a spokesman for the Federal Migration Office, told Itar-Tass over the phone, adding that Khodorkovsky’s one-year resident permit could be prolonged.

The permit was granted to Khodorkovsky on March 27. According to Reichlin, the 50-year-old former Russian oligarch has opted to settle in St. Gallen, since his family is living in this canton.

At the same time, Reichlin did not rule out that Khodorkovsky had been guided by considerations of favourable taxation environment.

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` Swiss SDP Christian Levrat is confident `Bern ‘ will refrain from any form of ` Sanctions ‘ against Russia ‘

#AceFinanceNews – GENEVA – March 23 – President of the Swish Social Democratic Party Christian Levrat is confident Bern should refrain from imposing sanctions against Russia as a response to its re-unification with Crimea.

This step would sharply narrow mediation opportunities of the Swiss Confederation, Levrat said in an interview with the Swish German-language daily Neue Z·rcher Zeitung that was published on Sunday.

“Switzerland’s role differs from the roles of the European Union and the Unites States,” he said. “Switzerland comes forward as a mediator which implies that it should refrain from joining the sanctions of other countries though their reaction is quite understandable.”

Switzerland chairs the Organisation for Security and Co-operation in Europe /OSCE/ this year, the politician said dubbing it the world’s most neutral organisation and an ideal platform for settling disputes between the East and the West.

Russian, Swiss and European News

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