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.
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Switzerland will hold an emergency cabinet meeting in Bern on Thursday afternoon after President Karin Keller-Sutter returned from Washington without a deal to halt a 39% U.S. tariff, now in effect and threatening major damage to Swiss exports.
Swiss luxury watch stocks fell sharply on Monday after the U.S. imposed a 39% import tariff, raising fears of a sharp sales decline in their biggest market.
Switzerland is seeking a negotiated solution after the U.S. imposed a 39% tariff on its exports, one of the highest rates under Donald Trump's trade agenda, prompting warnings over job losses and damage to key industries.
Switzerland is taking steps toward deeper defence cooperation with the European Union, launching talks on a non-binding arms partnership while maintaining its neutral stance.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
Three people, including two bystanders, were wounded in an early-morning shooting in Times Square on Saturday, New York police said, with a 17-year-old now facing attempted murder and other charges.
Indonesia and Peru have signed a free trade agreement aimed at boosting bilateral trade, investment, and cooperation in several key sectors, including food, mining, and energy.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 11th of August, covering the latest developments you need to know.
A prominent Al Jazeera journalist, Anas Al Sharif, and five colleagues were killed in an Israeli airstrike on Sunday, in an attack condemned by human rights and journalist groups.
Jordan is to host a meeting with U.S. and Syrian officials on Tuesday to discuss supporting the rebuilding of Syria after more than a decade of conflict and the ouster of former leader Bashar al-Assad by an Islamist-led rebellion in December.
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