Switzerland Tightens Russia Sanctions In Finance And Oil Sectors

2025-10-30 02:11:44

(MENAFN- Swissinfo) Three and a half months after the European Union, Switzerland is also implementing new sanctions against Russia. The package includes further export restrictions on goods to strengthen industry as well as goods to strengthen Russia's military and technological capabilities. This content was published on October 30, 2025 - 09:20 3 minutes Keystone-SDA

Español es Suiza endurece las sanciones contra Rusia en los sectores financiero y petrolero Read more: Suiza endurece las sanciones contra Rusia en los sectores financiero y petr

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This is the 18th package of sanctions, which the EU had already adopted in mid-July. The responsible economic department implemented part of it shortly afterwards – including asset freezes for 14 people and 41 companies and organisations, stricter export control measures and the lowering of the price cap for Russian crude oil.

The Swiss government has now decided on further measures in the areas of goods, finance and energy. These will come into force on Friday, as the government announced on Wednesday evening. Among other things, a complete transaction ban will now apply to 45 Russian banks.
More More Foreign Affairs Switzerland follows the EU with new sanctions against Russian oil
This content was published on Aug 12, 2025 Switzerland is stepping up its sanctions against Russia in the context of the war in Ukraine. The measures are aimed at Russia's oil windfall. The European Union (EU) approved the same package of sanctions, the 18th since the start of the war, in mid-July.
Read more: Switzerland follows the EU with new sanctions against Russia

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