Adopts new European Union sanctions against the Russian Federation and Belarus
10 Jun 2022
On 10 June 2022, the Swiss Federal Council decided to adopt new European Union sanctions against the Russian Federation and Belarus. These measures include the following:
- the sanctioning of over 100 further Russian and Belarusian individuals and entities;
- the exclusion of four new Russian and Belarusian banks - including Sberbank, Russia's largest bank from the SWIFT financial messaging service;
- the extension of the list of goods banned for export that could improve Russian military and technological sectors, including certain chemicals and the list of economically important goods banned for import.
The amendment entered into force on 10 June 2022.
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Type:
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Treatment and operation (Trade, Investment related trade measures)
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Treatment and operation (Operational conditions)
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Industry:
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Not industry specific
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Services (Financial and insurance activities)
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Sources:
