Wednesday’s decisionExternal link notably includes the introduction of a legal basis for putting price caps on Russian crude oil and petroleum products, a step previously announced – and yesterday outlined in more detail – by the G7.
It also foresees restrictions on “iron and steel products, aerospace goods, and goods of economic importance to Russia”, and bans on providing certain services (engineering, architectural, legal, or IT) to the Russian government and Russian companies.
Switzerland is now up to date with the EU’s eighth package of sanctions, which the bloc adopted on October 6.
On October 12, Switzerland already adopted various aspects of the same package, notably by adding 30 individuals and seven organisations to its sanctions list – mainly people involved in organising the widely unrecognised referendums which led to the annexation of various eastern Ukrainian regions at the end of September.
The sanctions will come into force on Wednesday at 6pm CET.
More
More
Is the criticism of Switzerland by Russian dissidents justified?
This content was published on
Two Swiss politicians respond to criticism that Switzerland is hiding behind neutrality and granting loopholes to Putin’s confidants.
Swiss price watchdog slams excessive prices for generic medicines
This content was published on
The cheapest generic medicines available in Switzerland are more than twice as expensive as in other countries, according to a study by the Swiss price watchdog.
Nature should not figure in net zero calculations: academic study
This content was published on
The natural removal of CO2 from the atmosphere by forests or oceans should not be included in the net-zero balance of climate protection measures, argue researchers.
This content was published on
None of the 15 major Swiss retail banks is meeting international climate and biodiversity targets, according to a ranking by WWF Switzerland.
This content was published on
Nestlé's new CEO Laurent Freixe, has presented plans for the future of the world's largest food company, after his first few weeks in office.
Swiss foreign minister calls on Moscow to end Ukraine war
This content was published on
It's high time Moscow ended its war against Ukraine, Swiss foreign minister Ignazio Cassis tells the UN Security Council.
This content was published on
The only alternative to the UN Palestinian agency’s work in Gaza is to allow Israel to run services there, Philippe Lazzarini, UNRWA Commissioner-General, told reporters in Geneva on Monday.
Study reveals food culture differences between Switzerland and neighbours
This content was published on
Three-quarters of Swiss people consider eating to be a pleasurable, social activity, a new survey reveals. Healthy eating, however, plays a much less important role, it found.
Switzerland takes over EU sanctions on Russian gold
This content was published on
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.
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.