Eng
Esp

Copyright © 2024 Euromaidanpress.com

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

Switzerland expands sanctions against Russia, joining EU’s 11th sanctions package

byIryna Voichuk
16/08/2023
2 minute read
Switzerland russia
Plastic letters arranged to read “Sanctions” are placed in front flag colors of Switzerland and Russia, illustration taken on 28 February 2022. Credit: Reuters/Dado Ruvic
Switzerland expands sanctions against Russia, joining EU’s 11th sanctions package

On 16 August, the Swiss Federal Council decided to extend sanctions against Russia, thus completely joining the 11th package of sanctions adopted by the EU on 23 June, the portal of the Swiss government reported.

“These measures include a ban on exports of dual-use goods and goods that contribute to Russia’s military and technological enhancement to 87 additional companies, including companies from third countries that have delivered such goods to Russia,” the Swiss government said.

The ban on transit through Russia will be extended to other goods, such as aviation fuel and fuel additives, as well as goods suitable for use in the aviation or space industry.

Meet the gray cardinals of anti-Russian sanctions

“In addition, the list of goods subject to an export ban will be extended to include electronic components and precursors to chemical weapons. The sale of intellectual property rights and trade secrets to Russia is also now prohibited in connection with various goods,” Swiss Federal Council added.

In the financial sector, the current ban on selling securities denominated in Swiss francs or the official currency of the EU to Russian citizens and organizations has been extended. The sale of securities to Russian citizens and organizations is prohibited regardless of currency.

The Federal Council also approved the possibilities provided by the European Union for granting exceptions in the humanitarian sphere and for withdrawing Swiss investments from the Russian Federation.

On 28 June, the Swiss government said in a statement that Switzerland is expanding its sanctions on Russia by including individuals and organizations involved in facilitating the alleged illegal deportation of Ukrainian children to Russia, alongside Russian officials, military personnel, and members of the Wagner group.

Read also:

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here



    Euromaidan Press

    We are an independent media outlet that relies solely on advertising revenue to sustain itself. We do not endorse or promote any products or services for financial gain. Therefore, we kindly ask for your support by disabling your ad blocker. Your assistance helps us continue providing quality content. Thank you!

    Related Posts