The measures relate to a price cap on Russiancrude oil and petroleum products. “This extends the ban on transporting such products sold above the price cap to trade and brokering services,” according to a government press release.External link
On December 8, the economics ministry introduced measures setting a price cap for Russian crude oil of $60 per barrel, it continues. Two further individuals and two more companies were also put on the sanctions list. Those measures apply to “Iranian individuals and organisations sanctioned by the EU on 14 November for their involvement in developing and supplying unmanned aerial vehicles (drones) to Russia”.
After some initial hesitation following Russia’s invasion of Ukraine on February 24, Switzerland has followed the EU and introduced a series of sanctions against Russia.
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Switzerland to join latest EU sanctions, targeting Russian oil
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The government said on Wednesday it had adopted the remaining measures in the eighth package of EU sanctions against Russia.
Swiss sanction 30 more individuals after Russian annexations
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The Swiss government has added 30 people and seven organisations to its blacklist after Russia annexed four regions of Ukraine.
Switzerland takes over EU sanctions on Russian gold
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Switzerland, a major gold-refining hub, has followed the EU in banning Russian gold as part of new sanctions due to the war in Ukraine.
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