How Russian oil flow to Europe through Switzerland
Although Switzerland is not even in the top-50 major countries and doesn’t have extensive historical ties with the former overseas colonies, this hasn’t prevented the country to becoming the global center of the commodity trading business. The country managed to beat Great Britain in this battle, although the largest commodity companies of the Old World are registered there.
The informal confrontation between London and Geneva began in the mid-70s of the last century. For a long time, till the mid-90s, the UK capital led in athepoken competition. Geneva was actually helped by aa major event, in 1991 the Soviiet Union collapsed, and industry giants, which became private companies, began to urgently look for opportunities to export their products to the West. Switzerland, which is characterized by liberal legislation in the area of trade operations, was very welcoming in this case.
The Oil companies were the first: small and poorly integrated companies hastily looked for the global traders to get a stable sales channel. According to the experts of the Geneva Association of Trade , three quarters of Russian exports of oil have passed through the country at some point. And this is despite the fact that there is no large oil companies in the country!