Trading Looted Ukrainian Commodities Could Be a War Crime, Prosecutor Warns
- Attorney General says criminal proceedings are underway
- Zug and Geneva are top international commodity-trading hubs
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The commodities industry got a thinly veiled warning from Switzerland’s top prosecutor: steer clear of coal, grain or other foodstuffs reportedly pillaged from Ukraine or risk committing a war crime.
In an opinion piece for Le Temps newspaper on Wednesday, Swiss Attorney General Stefan Blaettler sketched out how economic crimes committed abroad could also be pursued by local prosecutors if linked to entities in Switzerland, a historic hub for commodity trading.