Switzerland announced on Friday a strengthening of its sanctions against Russia and Belarus, adopting part of the latest package of measures adopted by the European Union in the context of the war in Ukraine.
The Swiss Ministry of Economic Affairs indicated that these new measures would come into effect on Friday at 23 p.m. local time.
In total, 115 new individuals and entities will be subject to an asset freeze and a ban on making funds available. Those sanctioned will also be prohibited from entering or transiting through Switzerland.
According to Swiss authorities, the new targets include individuals and companies linked to the Russian military-industrial complex and the energy sector, as well as people accused of being involved in the deportation and "indoctrination" of Ukrainian children.
Switzerland also plans to tighten export controls against 60 additional companies, including some based in third countries, in order to limit the Russian military industry's access to goods deemed essential.
Although traditionally neutral, Switzerland has repeatedly aligned itself with European sanctions since the start of the Russian invasion of Ukraine in 2022.
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