Switzerland adopts tenth sanctions package against Russia
Under the new measures, restrictions are being placed on exporting goods intended to strengthen Russian military, technology and defence capabilities,
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The Swiss government has decided to implement additional European Union sanctions against Russia but reiterated its wish to limit any unintended consequences on Swiss businesses.
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Suiza adopta el décimo paquete de sanciones contra Rusia
The new measures, which came into force on Wednesday evening, include adapting provisions on mandatory reporting in the financial sector and prohibiting Russian nationals from holding positions in governing bodies of owners or operators of critical infrastructure.
In addition, new controls and restrictions will be placed on various types of exports, including goods intended to strengthen Russian military, technology and defence capabilities, and those destined for the Russian space and aeronautic sector. The import of goods critical to the Russian export industry is also being tightened.
The Swiss government also announced it would now be possible to make assets available to a person or entity subject to sanctions in order to safeguard Swiss economic interests. This measure is specifically aimed at preventing shareholdings of the Swiss companies Sulzer and Medmix, which specialises in high-precision delivery devices, from falling into the hands of two Russian banks subject to sanctions, the government said.
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Switzerland slaps more sanctions on Russia
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The Swiss government has adopted further sanctions against Russia in line with an EU decision on December 3.
After some initial hesitation following Russia’s invasion of Ukraine in February 2022, Switzerland has followed the EU and introduced a series of sanctions against Russia.
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