Monday, December 5, 2022

No tax breaks for sanctioned Russian company

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The SP parliamentary group in the cantonal council had requested information about settlements by Russian companies. The main concern is the Russian coal company Suek. Its main shareholder Andrei Melnichenko has been on the EU sanctions list since March.

From 2004, Suek was based in the city of St. Gallen. In June 2020, however, the company moved to the canton of Zug. Until the end of March, the group’s company nameplate could still be seen on a building on Wassergasse, as well as the vacated office through a glass door. Among other things, the SP wanted to know whether Suek had been granted tax breaks.

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