Switzerland is aligning with the European Union's 17th sanctions package by adopting the listed measures in response to Russia's continued aggression against Ukraine. Measures came into force on June 3.
According to the State Secretariat for Economic Affairs, under the current sanctions, 17 individuals and 58 entities are now subject to asset freezes and prohibitions on providing funds or economic resources. Additionally, the individuals face entry and transit bans in Switzerland. Most of those sanctioned are associated with supporting Russia's military-industrial complex.
Furthermore, 189 additional vessels from third countries are now subject to broad bans on purchase, sale, and service provision. These vessels are primarily tankers that are part of Russia's shadow fleet, used to evade the price cap on Russian crude oil and oil products, or to transport military goods for Russia.
In terms of trade, 31 new entities—including some based in third countries—have been placed under stricter export controls. Additionally, the list of goods that contribute to military and technological advancement has been expanded, aligning with EU measures.
Read next
15:08
Radionuclide therapy using the radioactive element terbium shows promising potential in treating lymphoma, according to recent experimental results from the Paul Scherrer Institute (PSI) in collaboration with Inselspital – Bern University Hospital.
07:43
Switzerland has emerged as a key destination for Azerbaijani non-oil goods, with imports tripling in the first four months of 2025.
15:00
Switzerland’s economy outperformed expectations in Q1 2025, driven by a surge in exports to the United States and strong growth in the chemical and pharmaceutical sectors.
19:00
A massive glacial landslide in southern Switzerland has buried the village of Blatten, formed a dangerous lake by blocking the River Lonza, and raised fears of flooding downstream as emergency crews monitor the situation.
01:00
A massive glacier collapse has destroyed most of the Swiss village of Blatten, leaving one person missing and nearly the entire town buried under debris.
What is your opinion on this topic?
Leave the first comment