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Switzerland has approved further sanctions against Russia in line with the latest package of European Union sanctions, the Swiss Federal Council announced this Friday, according to CNN.
“The Federal Council decision of March 25 means that Switzerland remains in line with the measures imposed by the EU on March 9 and 15 in response to Russia’s continued occupation of Ukraine. On March 16, Switzerland had already approved the expanded list of persons and entities subject to financial sanctions imposed by the EU“, It is said in a statement from the council.
Switzerland has banned the export of some goods and services to the Russian energy sector.
“The export of goods and services related to the Russian energy sector is now banned. It is also prohibited to participate in active businesses in the energy sector and to provide loans or other financial resources to such businesses.“, It is said in the statement.
The statement said that the import of iron and steel from Russia, including luxury goods, is banned.
“The import of iron and steel goods from Russia, or originating in Russia, is prohibited, as well as the export of luxury goods and maritime goods to Russia. In the financial sector, transactions with certain state-owned companies and the provision of credit assessment services are prohibited.“, It says.
However, the Federal Council has decided to allow some “exemptions from financial sanctions for humanitarian purposes.
The council also said it had taken the decision not to implement the EU measure to suspend the broadcasting of content by some Russian media.
“Despite the fact that these media are used to spread propaganda and misinformation intended by the Russian Federation, the Federal Council is of the opinion that it is more effective to counter untrue and harmful statements with facts instead of preventing them from being transmitted. ”said the council.
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