Switzerland Widens Sanctions on Russia and Belarus to Align with EU Measures
Switzerland Expands Sanctions in Response to Ukraine Conflict
ZURICH, May 22 (Reuters) - Switzerland expanded its sanctions lists against Russia and Belarus on Friday, adopting parts of the European Union's latest package of measures over Moscow's war in Ukraine, the government said on Friday.
Implementation Timeline
The Federal Department of Economic Affairs said the new listings would take effect at 11 p.m. local time on May 22.
Details of the Sanctions
Asset Freezes and Entry Bans
A further 115 individuals and entities will be subject to asset freezes and a ban on making funds available, while sanctioned individuals will also be barred from entering or transiting Switzerland.
Targeted Sectors and Individuals
The newly listed targets include people and entities linked to Russia's military-industrial complex and energy sector, as well as individuals involved in the deportation and indoctrination of Ukrainian children, the department said.
Trade and Export Controls
Expansion to Third-Country Companies
In trade, 60 additional companies, including some based in third countries, will face tighter export controls aimed at blocking supplies of critical goods to Russia's military industry, it said.
(Reporting by John RevillEditing by Gareth Jones)
