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Federal prosecutor’s office launched an investigation: Swiss company is said to have circumvented Russian sanctions

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A Swiss raw materials company is said to be circumventing Russian sanctions through a subsidiary abroad. (archive image)

The Federal Prosecutor’s Office filed a lawsuit against a Swiss company on the grounds that it violated sanctions against Russia. A spokesman for the Federal Prosecutor’s Office confirmed this to Swiss SRF Radio. This is the first case filed by the Federal Prosecutor’s Office for violations of Russian sanctions, SRF Radio reported on Thursday.

Trade sanctions circumvented through subsidiary

A Swiss company has been accused of evading trade sanctions against Russia through a subsidiary abroad. The Federal Prosecutor’s Office did not provide any information about how and to what extent the raw material company violated trade sanctions.

The State Secretariat for Economic Affairs (Seco) had previously investigated this case. (SDA)

Source :Blick

Tim

I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.

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Tim

I'm Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor's Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.

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Tim

Federal prosecutor’s office launched an investigation: Swiss company is said to have circumvented Russian sanctions

Trade sanctions circumvented through subsidiary

Tim

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