HomeTop StoriesSwitzerland joins the EU in expanding sanctions against Russia

Switzerland joins the EU in expanding sanctions against Russia

Switzerland has expanded its sanctions against Russia in line with the European Union’s thirteenth package of sanctions, the Swiss government announced on March 1.

The EU adopted the latest package of sanctions against Russia on February 23, targeting another 106 individuals and 88 entities involved in Russia’s aggression against Ukraine. The list includes companies from India, Sri Lanka, China, Serbia, Kazakhstan, Thailand and Turkey.

The EU has also subjected 27 entities to stricter export restrictions on dual-use goods and technologies that could contribute to the technological development of Russia’s military sector, and imposed export restrictions on components used to develop and produce drones.

Switzerland followed suit on February 29 and added all individuals and companies from the EU sanctions package to its own sanctions list, the country’s government wrote in a press release.

Also read: Opinion: Putin’s Silk Road around sanctions

All measures came into effect in Switzerland on March 1.

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Despite its long-standing policy of neutrality, the Alpine country has done just that connected the international sanctions regime against Russia for its invasion of Ukraine and as long as Kiev with humanitarian, political and economic aid.

Switzerland is also reportedly stepping up efforts to prevent companies and individuals from using the country to circumvent sanctions against Russia.

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