Swiss imports from Russia rose by almost a fifth of a percent in January compared with the previous month, largely due to purchases of Russian gold transported via the UK.
This content was published on
1 minute
Keystone-SDA/jc
Italiano
it
Le importazioni svizzere dalla Russia sono aumentate a gennaio
This is despite a ban since August 3, 2022, on the direct and indirect import of gold from Russia, after Switzerland joined the European Union embargo on Russian gold exports.
“The gold imports fulfil the requirements in force at the time of import,” the Federal Office for Customs and Border Security (FOCBS) said on Tuesday. The decisive factor, it told the AWP news agency, was that the gold in question was not exported from Russia after August 4, 2022. “Moreover, the gold was imported into Switzerland from the United Kingdom and not directly from Russia.”
The NGO Swissaid told the news agency that “this gold has obviously been stored in vaults in London or in free warehouses for a long time and is therefore not affected by the sanctions”. It is probably gold of Russian origin that was exported before the sanctions or even before the war, the NGO’s media office said when asked.
“Our concern is more about indirect imports of Russian gold, especially those that go through the United Arab Emirates,” it continued. The gold is melted down and processed there before being sent to various places around the world, including Switzerland, where it has a new origin, it said. According to Swissaid, it is “impossible to really trace the origin of the gold”.
Popular Stories
More
Foreign affairs
European nations snub Swiss-made weapons over Ukraine restrictions
Switzerland will deliver rubble removal equipment to Ukraine
This content was published on
Thirty rubble removal machines and thirty fire-fighting pumps: this is the equipment that Switzerland will be delivering to the Ukraine in the next few days. The total value of these goods is 5.6 million Swiss francs.
This content was published on
The volume of trade between Switzerland and Russia has increased since the start of the Ukraine war, despite Swiss sanctions.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.