Swiss authorities have decided to align with the 15th sanctions package against Russia, adopted by the European Union on December 16, and impose restrictions against Belarus.
Details of the Decision
The Federal Department of Economic Affairs, Education, and Research (EAER) announced the expansion of Switzerland’s sanctions lists targeting Russia and Belarus.
“Switzerland is adopting additional sanctions imposed by the EU,” the authorities confirmed in a statement.
The decision, which includes financial restrictions and updated sanction measures, comes into effect today.
Scope of the Sanctions
The EU’s 15th sanctions package includes:
- Restrictive measures against specific oil and LNG transport tankers.
- Expanded sanctions lists, adding dozens of individuals and legal entities.
- Financial sanctions targeting Belarus in response to the ongoing political and security situation.
Switzerland’s Role
By adopting the latest measures, Switzerland reinforces its commitment to aligning with EU policies, contributing to increased pressure on Russia and Belarus amidst the ongoing geopolitical tensions.
