Swiss investment policy in Russia before and after sanctions

The article focuses on specifics of Swiss investments in Russia, which were formed before the introduction of sanctions against Russia as well as after Switzerland joined them. The author studies a number of factors both objective and subjective, which have influenced the investment strategy, first of all concerning the structure of Swiss investments, their niche character and traditional specialization, sectoral orientation and regional distribution. The author integrates statistical data of Central Banks of Russia and Switzerland, international organizations and studies of Russian and foreign researchers, and shows the dynamics and changes of the existing Swiss investment structure in Russia and their inflow by selected groups. The article demonstrates in detail the evolution of the Swiss-Russian investment relations in the 2000s using the method of comparative analysis of data on different European countries with the purpose to fix particular periods characterized by their growth or fall caused by conjuncture and subjective factors such as sanctions. The author concludes that, despite the sanctions Russia remains in the sphere of Switzerland's interests. The flow of Swiss direct investment is growing and Swiss companies continue to invest in Russian economy using production localization in particular branches and Swiss technologies.