Article Details
Suspected of violation of Russia sanctions
Published on September 19, 2025
Suspected of violation of Russia sanctions in gold trade.Image: Keystone
Due to a possible violation of Russia sanctions, an investigation against two natural persons and unknown was opened.It is about trading gold.
Keystone-SDA, editorial team Blue News SDA 57
No time?Blue News summarizes for you. The State Secretariat for Economy is investigating a possible violation of Russia sanctions.
The examination goes against two natural persons and unknown.
People with gold from Russia are said to have traded in a Zug raw material dealer.Show more
According to a media report, the State Secretariat for Economic Affairs (Seco) has opened an investigation against two natural persons and unknown about a possible violation of Russia sanctions.It is about trading in gold, as Reuters reported on Friday.
Specifically, the people working with the Zug raw material dealer with gold from Russia are said to have acted, as two people familiar with the matter said of the news agency.The sanctions were imposed on Ukraine after the Russian war of aggression.
At the request of the AWP news agency, Open Mineral confirmed the investigation: "Last week, the authorities examined our premises in connection with an investigation into business in 2022."The company has cooperated with the authorities and will continue to do so, the company said.The business continues as usual.
House search in Zug
The second confirmed AWP that a house search took place in Zug on September 11th."The procedure is currently directed against two people and unknown," said a spokesman for the authorities.The subject of the proceedings are possible violations of the law in connection with the Russia sanctions.The Seco does not want to take any further position on the ongoing procedure.
According to its own information, Open Mineral opened his office in Switzerland in 2016 and started business activities in 2017.The company has currently distributed offices in eleven cities across the world and is active in more than 50 countries.