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Christoph Blocher, a billionaire industrialist and fervent nationalist, won a seat Wednesday on the federal Cabinet, Switzerland’s most powerful elected body, a move likely to lead to a clampdown on immigration.

Blocher, 63, spent 24 years in parliament. He also leads the Swiss People’s Party, is widely respected by business leaders at home, but abroad is often labeled a right-wing extremist.

His election drew praise from Swiss banks and industry but alarm from refugee aid groups, who recalled his anti-immigrant rhetoric.