Open Mineral Ltd
LeaveRussia detail: Continue Operations
Open Mineral - metal commodity trade solutions enabled by commercial and market intelligence platform. Open Mineral Ltd, registered in Abu Dhabi a year ago and fully owned by Open Mineral AG with headquarters in Zug (Switzerland).
Business in Russia
Switzerland adopted an EU ban on the "direct or indirect import, purchase or transfer" of Russian gold, including shipments to third countries, in August 2022. However, a provision in Swiss law allows foreign subsidiaries to trade in Russian goods if they are "legally independent". However, the Swiss Sanctions Enforcement Agency declined to define the term.
Decision trail
Decision date 17/04/2023 · Reference ↗
According to documents cited by the Financial Times, between August 2022 and January 2023, this company imported $44 million worth of Russian gold to the United Arab Emirates (UAE) in six batches. Open Mineral Ltd, registered in Abu Dhabi a year ago and fully owned by Open Mineral AG with headquarters in Zug (Switzerland). According to documents cited by the Financial Times, between August 2022 and January 2023, this company imported $44 million worth of Russian gold to the United Arab Emirates (UAE) in six batches.
Status history since 2022
- 03/08/2026 — operating · Imported from KSE LeaveRussia
Exposure profile
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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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