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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The collective-defence agreement between Türkiye, Saudi Arabia and Pakistan signals that regional powers no longer want to rely solely on external security guarantees. Whether it becomes a stabilising deterrent or another axis of rivalry remains unresolved.
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most shipowners away. Six commodity vessels crossed the strait on Tuesday, down from nine the day before and below the 10-day daily average of 11.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade and sanctions and releasing Iran’s frozen assets.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 19th of August, covering the latest developments.
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Australia on Thursday condemned Israel’s decision to close its criminal investigation into the deaths of Australian aid worker Zomi Frankcom and six World Central Kitchen colleagues killed in Gaza in April 2024.
North Korea has fired more than 10 short-range ballistic missiles after U.S. President Donald Trump reduced American participation in joint military exercises with South Korea in an effort to revive dialogue with Pyongyang.
Georgia’s foreign trade data for January-July 2026 shows Kyrgyzstan, China and Russia as its top three export markets, highlighting its Middle Corridor ambitions and complex economic ties with Moscow.
Kazakhstan will vote on 23 August in its first parliamentary election under the new Constitution, choosing 145 members of the new Kurultai under a fundamentally changed electoral system based entirely on party lists.
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