Canton Geneva is to give CHF 40m to the Red Cross.
The ICRC is facing serious financial difficulties. The Council of State says the organisation is an essential part of the canton’s identity.
The canton hopes others will follow its lead.
The Red Cross is running out of cash due to the impact of covid - and then the war in Ukraine.
Already job cuts have been made and offices around the world have been closed.
Bern is already considering cancelling a CHF 200m loan.
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