Ukraine Switzerland expands its list of sanctions against Russia

Switzerland has expanded its list of sanctions against Russia. In doing so, it is adopting the changes decided by the EU due to Russia's ongoing military aggression against Ukraine.

The Federal Department of Economic Affairs, Education and Research (EAER), which is responsible for sanctions, announced that the changes will come into force at 6 p.m. on Tuesday. Switzerland has also sanctioned 69 natural persons and 47 companies and organizations.

The newly sanctioned persons include in particular business people, propagandists, members of the armed forces and the judiciary as well as persons responsible for the deportation of Ukrainian children, the statement continued. Members of the domestic intelligence service of the Russian Federation are also on the list.

The newly sanctioned companies and organizations are mainly Russian arms companies and companies that are actively involved in circumventing sanctions in the financial and trade sectors, the EAER wrote. The number of sanctioned persons, companies and organizations is more than 2,200.

The EU issued its 14th sanctions package on June 24. Further measures from this package in the energy sector, financial sector and goods sector are currently under review.

Switzerland has largely adopted the EU sanctions against Russia. However, it has not joined the sanctions against four Russian media outlets. The Federal Council was of the opinion that it would be more effective to counter untrue and harmful statements with facts rather than banning them.

SDA