Swiss looks set to dismiss ban on funding of weapons makers


  • World
  • Sunday, 29 Nov 2020

FILE PHOTO: A banner reading "Yes to war business initiative" is placed on a railing in Zurich, Switzerland November 16, 2020. REUTERS/Arnd Wiegmann/File Photo

ZURICH (Reuters) - Swiss voters on Sunday looked set to reject a proposal seeking to impose a ban on funding arms makers, the latest anti-military referendum in a nation that hasn't fought an external war for 200 years, first projections released by broadcaster SRF showed.

A wide majority of 58% of voters looked set to reject the proposal, which would have implications for major Swiss banks and investors, as well as Swiss industry, initial counts showed.

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