Swiss customs reviews imports of Russian gold worth $200M | Russia-Ukraine war News

Swiss customs reviews imports of Russian gold worth $200M | Russia-Ukraine war News

Switzerland is a global hub for precious metals with the country’s handful of refineries handling about two-thirds of the world’s gold. Swiss customs authorities are tracking three tonnes of gold of Russian origin that entered Switzerland from the UK last month to watch for potential violations of economic sanctions against Russia following President Vladimir Putin’s … Read more

Europe lambasted for failing to deter Putin’s war

Europe lambasted for failing to deter Putin's war

DAVOS, Switzerland — The European Union failed to counter Russian President Vladimir Putin and needs to now strike flexible alliances across the world and search for new friends, current and former leaders told CNBC on a panel at the World Economic Forum. “We are too Euro-centric on this crisis, in the sense we think this … Read more

George Soros says Russia is blackmailing Europe with gas

George Soros says Russia is blackmailing Europe with gas

Russian President Vladimir Putin delivers a speech during a ceremony honouring the country’s Olympians and Paralympians at the Kremlin in Moscow, Russia April 26, 2022.  Maxim Shemetov | Reuters DAVOS, Switzerland — Russian President Vladimir Putin’s bargaining position is “not as strong as he pretends” and Europe has leverage against him, according to billionaire investor … Read more

Live updates | Switzerland to aid Ukraine with asset seizure

Live updates | Switzerland to aid Ukraine with asset seizure

BERLIN — The Swiss government on Wednesday said it will initiate proceedings to confiscate more than 100 million francs ($104 million) in assets of a close associate of former Ukrainian President Viktor Yanukovych. Switzerland’s governing Federal Council said it is providing support to Ukraine as Kyiv is facing “certain difficulties” in its efforts to confiscate … Read more

Kremlin critic Bill Browder recounts escaping a Russian plot against him

Kremlin critic Bill Browder recounts escaping a Russian plot against him

One of the most prominent critics of President Vladimir Putin says he narrowly escaped a plot against him by Russian operatives at a previous summit of the World Economic Forum in Davos, Switzerland. U.S.-born financier and rights activist Bill Browder told CNBC’s Geoff Cutmore at Davos that in January of 2020, “I got a phone … Read more

Hopes deal for Russian oil embargo will be reached in days

Hopes deal for Russian oil embargo will be reached in days

European Commission President Ursula von der Leyen delivers a speech during a plenary session of the European Parliament at the EU headquarters in Brussels, on March 23, 2022. John Thys | AFP | Getty Images DAVOS, Switzerland — European Commission President Ursula von der Leyen told CNBC Tuesday that she’s hoping an agreement to sanction Russian … Read more

‘Never have I been so ashamed’: Russian envoy criticizes war

'Never have I been so ashamed': Russian envoy criticizes war

DAVOS, Switzerland (AP) — A veteran Russian diplomat to the U.N. Office at Geneva says he handed in his resignation before sending out a scathing letter to foreign colleagues inveighing against the “aggressive war unleashed” by Russian President Vladimir Putin in Ukraine. Boris Bondarev, 41, confirmed his resignation in a letter delivered Monday morning after … Read more

Oxfam slams billionaire pandemic ‘bonanza’ as millions face poverty

Oxfam slams billionaire pandemic 'bonanza' as millions face poverty

Olga Shumytskaya | Moment | Getty Images A new billionaire emerged every 30 hours during the Covid-19 pandemic, and nearly a million could fall into extreme poverty at around the same rate in 2022. Those are the sobering statistics recently released by Oxfam. There were 573 more billionaires in the world by March 2022 than … Read more