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Ukraine Court Opens Case into Donbass Coal Export

Coal News - Published on Wed, 04 Dec 2019

Image Source: Donbass Coal
According to a report in SonntagsZeitung, Ukrainian judiciary has named the Zug based Fontus AG in a criminal case concerning the illegal import of hard coal from the Donbass region in eastern Ukraine, which is occupied by pro Russian separatists. In addition to Fontus, the judiciary has named three other companies that are domiciled in Switzerland or whose owners are Swiss. They are not directly accused, but the Swiss are said to have helped Ukrainian companies export coal to Ukraine and EU countries.

However a Swiss representative of Fontus told the SonntagsZeitung with certainty that the company does not trade in Donbass coal. In addition, in the Ukrainian court document the representative sees no mention whatsoever of the fact that Fontus AG is involved in criminal proceedings.

Another firm registered at the same Zug address as Fontus is The Global Investment Partnership, whose board of directors lives in Luhansk, a centre of Donbass separatists.

Importing this coal is legal in both the European Union and Switzerland. However, the EU and the US have imposed sanctions on companies and individuals who were involved in Russia’s annexation of the Crimea

Source :

Posted By : Arun Huidrom on Wed, 04 Dec 2019
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