Swiss banks to disclose data on Russian clients' accounts

Swiss banks will have to provide some information about their Russian clients' accounts after Bern and Moscow sign a disclosure agreement by the end of this week, Finance Minister Alexei Kudrin said on Tuesday. "We will approve the agreement today at a governmental meeting, and, at the end of the week, I will sign it together with Switzerland," Kudrin said. "On request, we will receive information on accounts of those evading taxes, if Russia initiates appropriate court proceedings to look for tax evasion or money laundering," said Kudrin. The U.S., Britain and France have already initiated the similar measures in respect of their citizens, he added.