Finance
Switzerland Adopts Further Sanctions Against Belarus
Published by Uma Rajagopal
Posted on October 31, 2024
1 min readLast updated: January 29, 2026
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Published by Uma Rajagopal
Posted on October 31, 2024
1 min readLast updated: January 29, 2026
Add as preferred source on GoogleZURICH (Reuters) – The Swiss government said on Wednesday it had approved more sanctions against Belarus, bringing it into line with measures the European Union adopted against Minsk in late June.
The measures aim to further align sanctions against Belarus with sanctions against Russia over the invasion of Ukraine. One main aim is to prevent the circumvention of existing sanctions against Russia, the Swiss Federal Council said in a statement.
The measures will come into effect on Oct. 31.
The new sanctions include a ban on investment in companies operating in the Belarusian energy sector, and prohibit the purchase and import of gold, diamonds, coal and crude oil from Belarus or of Belarusian origin, the statement said.
They also ban the sale and export to Belarus of luxury goods, goods for oil refining and for the liquefaction of natural gas, aviation fuel and fuel additives, maritime goods as well as goods which strengthen Belarusian industrial capacity.
(Reporting by Dave Graham; Editing by Gareth Jones)
Sanctions are restrictions imposed by countries or international organizations to influence a nation's behavior, often in response to violations of international law or human rights.
An investment ban prohibits individuals or entities from investing in specific sectors or companies, often as a measure to enforce sanctions or protect national interests.
The energy sector encompasses industries involved in the production and distribution of energy, including oil, gas, coal, and renewable energy sources.
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