The Swiss government announced today that they recommend business to continue to pursue ties despite US sanctions.
Fabian Maienfisch of the State Secretariat for Economic Affairs said that “U.S. decisions on sanctions do not affect the legal situation in Switzerland with regard to Iran.” He added that “Switzerland regrets that the sanctions situation in relation to Iran is again deteriorating.”
He added that while the government cannot dictate responses from businesses, it “recommends that companies pursue their commercial relations with Iran and inform themselves about the situation”.
The news could be the drive behind Swiss Franc’s sudden surge in early US session. CHF is now trading as the strongest one for today.
