Business & Investment

Swiss NGO is calling on the government to host a conference in Ukraine

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Lugano, Switzerland (AP) —A major non-governmental group in Switzerland called on Monday as a “safe haven” for Russia’s oligarchs and as a trading center for Russia’s oil, grain and coal.

Public Eye called on the Swiss government to “use all means to stop funding this inhumane attack.” By pushing up food and fuel prices, it spilled over into the global economy.

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It said on the day the Swiss President was scheduled to host a conference on Ukraine’s final recovery from the Russian war involving high-ranking government officials, advocates and UN agencies.

Ignazio Cassis welcomed leaders, including Ukrainian President Volodymyr Zelensky, in a video message at the Ukrainian Reconstruction Conference in the lakeside town of Lugano, Ukraine. Swiss diplomats aim to plan how the world can move forward to help the war-torn country recover and rebuild when the war in Russia ends someday. It is said that it is.

Cassis welcomed Ukrainian Prime Minister Denys Shmyhal and will lead a delegation of many Ukrainian ministers and parliamentarians.

“As a safe haven in the oligarchs near the Kremlin and as a trading hub for Russia’s oil, grain and coal, Switzerland has a great political responsibility,” said Public Eye.

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Switzerland has stated that for many years it has been a “popular shelter” for Russian businessmen to park their property. The group said companies are using Switzerland as an “unregulated commodity trading hub” and exploiting the lack of transparency in domestic financial transactions.

There was no immediate response from the Swiss government.

The group welcomed Switzerland’s “humanitarian involvement” with Ukraine through the conference, but urged the government to enforce international sanctions on the Russian elite and their governments and to better regulate trade hubs.

Switzerland is a major international financial center, and its government has traditionally been the “neutral” of Switzerland (as required by law), as an intermediary between hostile nations, and as a host of many international and UN agencies. Has promoted the role of Switzerland as.

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The Swiss Bankers Association has made the country an important storage place for Russian money abroad, with the assets of Russian customers deposited in Swiss banks totaling CHF 150-200 billion (about CHF 155-210 billion). I presume that there is.

Swiss diplomats say that even before the war began, hundreds of envoys from governments, advocacy groups, the private sector, academia and UN organizations were based on multi-country discussions over years on Ukraine’s reforms. He says he is expected to meet. Diplomats say the conference is currently the first to bring together heterogeneous groups to unite to address the needs of Ukraine.

Other top attendees expected to attend are European Commission President Ursula von der Leyen and UK Foreign Minister Liz Truss. It is expected that more than half a dozen heads of state, more than a dozen government ministers, and about half a dozen heads of international organizations will participate.

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Swiss NGO is calling on the government to host a conference in Ukraine

https://financialpost.com/pmn/business-pmn/swiss-ngo-calls-out-govt-as-it-hosts-meeting-on-ukraine Swiss NGO is calling on the government to host a conference in Ukraine

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