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Switzerland imposes new measures against Russia

Today the Federal Council of Switzerland has introduced new measures against Russia because of the situation in Ukraine.

Switzerland imposes new measures against Russia

According to the press service of the State Secretariat for Economic Affairs in Bern, today the Federal Council of Switzerland has introduced new measures against Russia because of the situation in Ukraine.

The statement writes about new measures to prevent the circumvention of international sanctions imposed before by the European Union, to which Switzerland does not belong.

New measures repeat the last wave of EU sanctions imposed in September. It is referred to restricted credit possibilities for five Russian banks and six companies, including another 24 names of natural and legal persons into the list of those with whom it is forbidden to enter into new agreements. Another nine Russian companies are added to the list of restrictions concerning military and dual-use goods.

The Swiss Federal Council continues to monitor the situation in Ukraine and reserves the right to take further actions depending on the situation, the statement said.

Switzerland does not formally introduces its own sanctions against Russia, but somehow repeats the EU sanctions.

Next Monday, the EU will review the current state of sanctions against Russia in the light of the recent events, including the illegal "elections" held in the occupied territories of separatist Donbas supported by Russia. Recently Western concerns intensified because of new evidence that Russia enters its troops in the East of Ukraine once again. The EU states that the lifting of sanctions is out of the question, but does not rule out that the extension of sanctions is possible.