Switzerland has implemented the latest sanctions package from the European Union targeting Russia and Belarus, as announced by the government on Monday. This decision follows the EU’s recent actions against Moscow’s vessels and Chinese entities involved in trade with the Russian military.
The Swiss authorities have identified 54 individuals and 30 companies and organizations, freezing their assets effective December 24, and prohibiting 52 ships from offering services.
According to the Swiss government, “These vessels are primarily tankers associated with Russia’s shadow fleet, which are evading the price cap on Russian crude oil and petroleum products, or are engaged in transporting military supplies for Russia or stolen grain from Ukraine.”
Individuals on the sanctions list will be prohibited from entering Switzerland. In accordance with EU measures, Switzerland has also imposed financial and travel restrictions on 26 individuals and two organizations from Belarus.
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