Switzerland expands sanctions against Russia, partly aligning with EU's 20th package
Switzerland has expanded its sanctions against Russia and Belarus by adopting part of the restrictions contained in the European Union's 20th sanctions package.
Source: Swiss government, as reported by European Pravda
Quote: "An additional 115 individuals and entities are now subject to asset freezes and a prohibition on making funds available. The individuals are also banned from entering and transiting Switzerland."
Details: The sanctions list includes individuals linked to Russia's military-industrial complex and energy sector, as well as individuals involved in the deportation of Ukrainian children and ideological influence campaigns targeting them.
However, Switzerland has so far refrained from imposing sanctions on seven companies from a third country that are included in the EU sanctions package.
Bern is also joining EU measures aimed at restricting the activities of Russia's shadow fleet. Switzerland has added a further 46 vessels to its sanctions list.
In addition, the Swiss government has banned transactions involving two Russian ports and one port in a third country used for the transport of Russian petroleum products.
The restrictions have also been extended to 20 Russian banks and seven financial intermediaries located in other countries.
Background:
- EU ambassadors are expected to discuss a "mini-package" of sanctions against Russia this week, targeting around 10 individuals who had previously been shielded by the government of former Hungarian prime minister Viktor Orbán, as well as several Russian vessels.
- Bloomberg reported that the EU is considering temporarily lifting restrictions on a Chinese semiconductor supplier included in the 20th sanctions package against Russia because of disruptions to supply chains in the automotive industry.
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