Swiss Confederation Imposes Sanctions on Russia Over Ukraine Situation
On November 29, 2024, the Swiss Federal Council adopted an ordinance imposing measures connected with the situation in Ukraine. The ordinance, which enters into force on November 30, 2024, implements the latest sanctions imposed by the European Union (EU) on Russia.
The ordinance targets individuals and entities involved in the annexation of Crimea and the ongoing conflict in eastern Ukraine. It includes measures such as asset freezes, travel bans, and restrictions on economic activity.
The following individuals and entities are subject to the sanctions:
- Individuals:
- Russian President Vladimir Putin
- Russian Foreign Minister Sergei Lavrov
- Defense Minister Sergei Shoigu
- Chief of the General Staff of the Russian Armed Forces Valery Gerasimov
- Head of the Security Council of the Russian Federation Nikolai Patrushev
- Entities:
- Sberbank
- VTB Bank
- Gazprom
- Rosneft
- Lukoil
The ordinance also prohibits the provision of certain goods and services to Russia, including:
- Arms and ammunition
- Dual-use goods
- Technology related to oil and gas production
The Swiss government has stated that the sanctions are intended to “contribute to international efforts to end the conflict in Ukraine and to restore respect for Ukraine’s sovereignty and territorial integrity.”
The sanctions are the latest in a series of measures taken by the Swiss government in response to the situation in Ukraine. In March 2022, Switzerland adopted sanctions on Russia similar to those imposed by the EU. The government has also provided humanitarian assistance to Ukraine and has called for a peaceful resolution to the conflict.
The Swiss government has said that it will continue to monitor the situation in Ukraine closely and will take additional measures if necessary.
Sanctions: Ordinance imposing Measures connected with the Situation in Ukraine
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