Swiss-owned company’s Russian gold trades expose a gap in Western sanctions – A Swiss commodity trader’s Abu Dhabi subsidiary has been able to buy tens of millions of dollars of Russian gold despite a ban on Swiss entities undertaking such activity

14 comments
  1. The Swiss would trade with the Nazis if it meant they could make profit. They only care about one thing.

  2. The gold trade is a chump change. FT should really look into private bankers and numerous Russian minors/mistresses/LLC’s that own assets in Switzerland but that might piss off real goose that lay golden eggs.

  3. Switzerland backstabbing the free world by helping criminals.

    GASP,WHO WOULD HAVE GUESSED.?

    Everyone. Everyone has guessed them.

  4. The company is owned by Russians and Arabs, their subsidiary in Abu Dhabi is not subject to the ban imposed by the Swiss government as it doesn’t extend to independent subsidiaries. A questionable decision at the hands of the Swiss regulators for sure, but the “swiss are pure evil” take is a joke.

  5. Switzerland is a real cancer in the heart of Europe.

    They sold weapons to Germany. Then they told Germany those weapons can not be used or given to Ukraine because it breaches Swiss Neutrality:

    https://www.euractiv.com/section/global-europe/news/swiss-president-opposes-arms-exports-to-ukraine-citing-neutrality/

    They openly welcome drug dealers, rapists, murderers

    >Revealed: Credit Suisse leak unmasks criminals, fraudsters and corrupt politicians

    >A massive leak from one of the world’s biggest private banks, Credit Suisse, has exposed the hidden wealth of clients involved in torture, drug trafficking, money laundering, corruption and other serious crimes.

    >They include a human trafficker in the Philippines, a Hong Kong stock exchange boss jailed for bribery, a billionaire who ordered the murder of his Lebanese girlfriend and executives who looted Venezuela’s state oil company, as well as corrupt politicians from Egypt to Ukraine.

    https://www.theguardian.com/news/2022/feb/20/credit-suisse-secrets-leak-unmasks-criminals-fraudsters-corrupt-politicians

    It’s really time we deal with them. Enough is enough.

  6. Swiss neutrality means that they cannot send weapons to Ukraine.

    Swiss neutrality means they cannot grant re-export to third parties for already sold weapons to be sent to Ukraine.

    Swiss neutrality mean they can financially benefit Russia through a third party.

    This all probably makes perfect reasonable sense and is very defensible if you are Swiss.

  7. Why everyone acts surprised?

    They never hide, and always said they are neutral… neutral to get the biggest profit as possible of every crime.

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