Contents tagged with Switzerland

  • Switzerland opens criminal case against Russian spies

    The Swiss Federal Attorney's Office is conducting an investigation into the criminal case of two Russian citizens suspected of involvement in the cyber attack at the European headquarters of the World Anti-Doping Agency (WADA) in Lausanne.

    On Monday, September 17, in Bern, the prosecutor's office representatives said that the case on espionage for political purposes was initiated as early as March 2017, reports Deutsche Welle.

    The office also accuses Russians of trying to obtain data from the …

  • Media: Every fourth Russian diplomat in Switzerland could be a spy

    More than a quarter of the Russian diplomatic staff in Switzerland works for the foreign intelligence services of the Russian Federation, writes the newspaper Tages-Anzeiger after analyzing the Swiss government's report.

    Back in March, the Bundesrat of Germany published a report on national security, which stated that "in relation to one country there is a suspicion that more than a quarter of the diplomatic personnel works for the special services."

    The Bundesrat report did not mention the …

  • Gazprom loses appeal in court case with Ukraine's Naftogaz

    The Svea Court of Appeal has re-authorized the seizure of Gazprom’s assets in order to collect $2.6 billion in favor of Naftogaz Ukraine.

    On Thursday, the Swedish court removed the temporary suspension of the fine enforcement measures, which had been introduced in June at Gazprom’s request, Reuters reports.

    The Russian gas company asked to have the original ruling of the Stockholm Arbitration Institute revoked on the basis of external interference in the process. Citing a “world renowned …

  • Kyiv may impose sanctions against Swiss ‘delegation’ for visiting Crimea

    The Ukrainian Embassy may initiate sanctions against the Swiss delegation headed by Edward Belzer, a former member of the Council of States of Switzerland, for visiting the annexed Crimea.

    As the diplomatic mission reported on September 10, this visit was “a violation of the Ukrainian legislation and contradicts Switzerland's official position on the non-recognition of the attempt to annex the Crimea to Russia”.

    “We are sorry, but despite the well-known observance of the supremacy of the …

  • Netherlands follows Switzerland in seizure of Gazprom assets

    The Netherlands has followed Switzerland in the seizure of Gazprom’s assets in Europe.

    According to the ruling of the Arbitration Institute of the Stockholm Chamber of Commerce that Gazprom must pay Ukraine $2.6 billion in compensation for the shortfall in gas transit, Gazprom’s shares in its subsidiary companies in the Netherlands have been arrested, stated the press service of Naftogaz Ukraine.

    Petitions for the implementation of restrictive measures were made at a Dutch court, and were …

  • Switzerland freezes bank accounts of Russian oligarch Vekselberg after US sanctions are imposed

    Swiss banks have decided to freeze the personal bank accounts of Russian billionaire Viktor Vekselberg due to US sanctions, Forbes Russia reports. The journal cited sources close to Renova group, the Russian businessman’s primary asset.

    According to Forbes, approximately one billion Swiss francs (1.01 billion dollars) have been frozen in Vekselberg's Swiss accounts. The oligarch’s lawyers are already trying to appeal this decision and obtain compensation for the freeze, but experts interviewed …

  • Switzerland starts seizing Gazprom assets

    Naftogaz Ukraine has begun the procedure of exacting from Gazprom a fine of $4.6 billion, which was awarded to the Ukrainian company in February 2018 by the Arbitration Institute of the Stockholm Chamber of Commerce.

    The first to be hit were the Russian company’s assets in Switzerland, where the companies Nord Stream AG and Nord Stream 2 AG are registered. The first company oversees the Nord Stream and is 51% owned by Gazprom, the second belongs to Gazprom completely, and is constructing the …

  • Swiss laboratory denies Lavrov's claims that Skripal’s poison was developed by NATO

    In response to comments by the Foreign Minister of Russia,The laboratory in the town of Spiez, Switzerland that had contributed to the investigation on the notorious Skripal poisoning incident stated that the BZ toxin was not mentioned in its report.

    “Only the Organization for the Prohibition of Chemical Weapons (OPCW) can comment on this statement. But we can reiterate what we said 10 days ago. We have no doubt that Porton Down was right in identifying Novichok as the poisoning agent,” the …

  • Swiss subsidiary of Russian GazpromBank banned from accepting new clients after money laundering audit

    The Swiss Financial Market Supervisory Authority (FINMA) has uncovered serious inadequacies in the anti money laundering procedures of GazpromBank’s subsidiary company in Switzerland (GazpromBank (Switzerland) Ltd.) and has banned it from taking on new private clients.

    The decision was made earlier, following a two-day investigation prompted by the Panama Papers – material on the offshore accounts and companies of politicians and high-ranking officials from more than 50 countries.“The bank was …

  • Swiss ambassador: corruption is the main hurdle for investors in Ukraine

    Corruption and the absence of the rule of law in Ukraine are serious problems for potential foreign investors, stated the Swiss Ambassador to Ukraine and Moldova, Guillaume Scheurer, during his interview with Interfax-Ukraine.

    "Corruption is an issue. It is a fact that there is no respect for the rule of law. These are the two elements that make many businessmen somehow uncertain about coming to Ukraine. They are ready to deal with competition, business issues and production problems, but not …