Finance
Switzerland adopts more EU sanctions on Russia and Belarus
Published by Global Banking & Finance Review®
Posted on December 23, 2024
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 23, 2024
1 min readLast updated: January 27, 2026
Switzerland enforces EU sanctions on Russia and Belarus, targeting individuals and vessels linked to military activities and trade.
ZURICH (Reuters) - Switzerland adopted the latest EU sanctions package on Russia and Belarus, the government said on Monday. The move came one week after the European Union targeted Moscow's vessels and Chinese entities found to have traded with the Russian military.
The Swiss government listed 54 persons and 30 companies and organisations, freezing their assets as of Dec. 24, and banned 52 ships from providing services.
"These are mainly tankers that are part of Russia's shadow fleet and are circumventing the price cap on Russian crude oil and petroleum products or transporting military goods for Russia or stolen grain from Ukraine," the Swiss statement said.
The sanctioned individuals will be barred from entering Switzerland.
In line with EU policy, Switzerland also adopted financial and travel sanctions against 26 individuals and two organisations from Belarus.
(Reporting by Ariane Luthi, Editing by Miranda Murray)
The article discusses Switzerland's adoption of EU sanctions on Russia and Belarus, targeting individuals and entities linked to military activities.
The sanctions affect 54 individuals, 30 companies, and 52 Russian ships linked to military trade and activities.
The sanctions aim to curb military activities and trade involving Russia and Belarus, aligning with EU policies.
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