Switzerland tightens Russia sanctions in finance and oil sectors

Three and a half months after the European Union, Switzerland is also implementing new sanctions against Russia. The package includes further export restrictions on goods to strengthen industry as well as goods to strengthen Russia's military and technological capabilities. + Get the most important news from Switzerland in your inbox This is the 18th package of sanctions, which the EU had already adopted in mid-July. The responsible economic department implemented part of it shortly afterwards – including asset freezes for 14 people and 41 companies and organisations, stricter export control measures and the lowering of the price cap for Russian crude oil. The Swiss government has now decided on further measures in the areas of goods, finance and energy. These will come into force on Friday, as the government announced on Wednesday evening. Among other things, a complete transaction ban will now apply to 45 Russian banks. However, the government is currently refraining from ... Full story here Are you the author? Previous post See more for 3.) Swissinfo Business and Economy Next post
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