Russian oil price cap lacks enforcement in Switzerland, report claims

Russian oil price cap lacks enforcement in Switzerland, report claims

Swiss authorities are failing to properly enforce the price cap on Russian oil, a report from non-profit Public Eye has claimed, suggesting that traders are swapping operations in Switzerland for sanctions-free Dubai. In a March 20 report, Public Eye argues that Switzerland has “non-existent controls”, with traders not required to keep documentation relating to the ...

The post Russian oil price cap lacks enforcement in Switzerland, report claims appeared first on Global Trade Review (GTR).

Swiss authorities are failing to properly enforce the price cap on Russian oil, a report from non-profit Public Eye has claimed, suggesting that traders are swapping operations in Switzerland for sanctions-free Dubai. In a March 20 report, Public Eye argues that Switzerland has “non-existent controls”, with traders not required to keep documentation relating to the ...