Switzerland adopts further sanctions against Russia

09 Jul 2024, 41 mins ago

It was reported today that Switzerland imposed sanctions on 69 individuals and 86 entities. The Swiss Federal Department of Economic Affairs, Education and Research (EAER), in its capacity as the competent body for sanctions, expanded its sanctions listings against Russia on 8 July.

(Press release)

The new measures will come into force at 6 pm on 9 July 2024.

Among the individuals sanctioned by Switzerland are Russian businesspersons, members of the judiciary and armed forces, persons responsible for the deportation of Ukrainian children and FSB members. The designated entities include companies operating in the Russian defence sector, as well as companies in the financial and trade sectors which are involved in sanctions circumvention.

There are currently 2,200 individuals and entities on Switzerland’s sanctions list. This is in line with the EU.

EAER also imposed the advertising ban on 4 Russian media outlets:

  • Voice of Europe
  • RIA Novosti
  • Izvestia and
  • Rossiyskaya Gazeta

In contrast to the EU prohibitions, these media outlets are not subject to a broadcasting ban in Switzerland.

Swiss Federal Council is currently examining restrictive measures introduced in the EU’s 14th sanctions package against Russia, with a view to possibly adopting them.

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