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 bans import of Russian diamonds

Yet Switzerland still refuses sending arms to Ukraine, citing neutrality.
Diamonds
Diamonds. Photo: Depositphotos https://depositphotos.com/stock-photography.html
Switzerland bans import of Russian diamonds

According to a statement by the Swiss government, Switzerland has joined the 12th package of EU sanctions, which includes a ban on the import of Russian diamonds.

“Switzerland thus joins the measures agreed at the G7 summit on 6 December 2023 to deprive Russia of this important revenue stream,” the government’s communique notes

The measures come into force on 1 February.

Switzerland also prohibited exporting and selling chemicals, lithium batteries, certain motors for unmanned aerial vehicles, machine tools, and machinery parts to Russia. Furthermore, more entities have been added to the list of companies subject to restrictions on goods for civil and military use (dual-use goods).

In the financial sector, Russian nationals and individuals living in Russia will be banned from controlling companies in Switzerland that provide crypto-asset services. There are also additional measures to support the enforcement of the oil price cap for Russian crude oil and petroleum products and to counter attempts to circumvent the cap.

Switzerland has also placed an additional 147 individuals and companies under sanctions, taking the total to 1,422 individuals and 291 organizations.

Switzerland has joined previous rounds of EU sanctions since the start of the war almost two years ago. Therefore, Russia has stopped considering it a neutral country and classified it as “unfriendly.” Switzerland itself continues to consider itself neutral, which was manifested, in particular, in its refusal to supply weapons to Ukraine.

Read more:

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



    Will the West continue to support Ukraine?
    • Know what moves the world.
    • Premium journalism from across Europe.
    • Tailored to your needs, translated into English.
    Special discount
    for Euromaidan Press readers
    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