Switzerland further tightens sanctions against Russia
Switzerland has beefed up sanctions against Russia again due to the war in Ukraine. Among other things, political parties, NGOs and the media are now prohibited from accepting donations from the Russian government.
+ Get the most important news from Switzerland in your inbox
This is intended to limit Russia’s influence on democratic processes in Switzerland, the government announced on Wednesday. However, exceptions have been made “for the exercise of the right to freedom of opinion, information and the media”.
At its meeting, the government decided to adopt most of the EU’s sanction measures from June of this year. The new measures come into force on Thursday. Currently, 2,250 natural persons, companies and organisations are on the sanctions list in connection with the war in Ukraine.
Military and industrial sanctions
The latest decision would also further tighten export restrictions on goods to strengthen Russia’s industry, military and technology, according to the statement. The list of companies affected by stricter export restrictions will be expanded to include 61 entities. Around half of them are located in third countries and are linked to the Russian military.
+ The mystery of Switzerland’s surging imports of Uzbek and Kazakh gold
Furthermore, banks will be prohibited from using alternatives to Swift for payment transactions in future. Institutions that offer crypto services and facilitate transactions to support the Russian defense industry will also be banned.
Investments in liquefied natural gas projects under construction in Russia will also be prohibited. Services in connection with the reloading of Russian liquefied natural gas will also no longer be permitted.
Protection of Swiss companies
In addition, 27 ships that deliver military goods to Russia, transport plundered grain or circumvent the price caps for Russian petroleum products may not be purchased or operated. And no financial services may be provided to the operators.
The government has also created the legal basis for Swiss companies to assert claims for damages in Swiss courts if they have suffered losses in Russia as a result of lawsuits, sanctions or expropriations.
Translated from French by DeepL/jdp
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to english@swissinfo.ch.
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.