Switzerland joins latest EU sanctions against Russia
Switzerland’s Federal Council decided on 21 August to join part of the 14th package of sanctions against Russia adopted by the European Union.
According to the statement, the Swiss government decided to join the measures of the 14th sanctions package that concern clarifying bans on Russian diamonds, which are being coordinated at the international level.
The deadlines for withdrawing investments from Russia have been extended. According to the statement, the goal is to enable Swiss companies to discontinue their business activities in Russia legally.
The Federal Council of Switzerland reported that these measures will come into force on 27 August. It added that it will continue considering other measures of the EU sanctions package and decide to join them soon.
Switzerland had already joined part of the 14th sanctions package of the European Union against Russia in July, adding 69 individuals and 47 legal entities to its blacklist.
The 14th sanctions package, adopted by the EU on 24 June, provides several additional measures, including in the energy, financial, and commodity sectors.
Read also:
- Deadly blast at sanctioned Russian arms factory kills three
- EU adds 28 individuals to Belarus sanctions list for internal repression
- Ukraine’s top official says new Russian drones indicate production cost drops amid Western sanctions
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.
