Switzerland joined new EU sanctions against Russia

Switzerland has joined the 12th package of EU sanctions, the Federal Council of the Republic announced.

“On January 31, the Federal Council adopted additional sanctions against RUSSIA,” the publication says. The new measures will come into force on February 1.

Among them is a phased ban on the purchase and import of Russian diamonds, as well as certain goods that bring “significant income” to Russia, in particular, pig iron and liquefied petroleum gas.

The export to Russia of goods that could strengthen the Russian industrial sector is prohibited - chemicals, some engines for drones, machine tools and machine parts.

Russian citizens and individuals residing in Russia are prohibited from managing companies in Switzerland that provide services for the use of crypto assets.

In the service sector, there will be a ban on providing Russian companies with software for enterprise management, industrial design and production. The government made an exception for Russian subsidiaries of Swiss companies.

In December 2023, the European Union announced the 12th package of sanctions against Russia. Switzerland soon expanded its sanctions lists to include 147 more individuals and legal entities. In total, more than 1.4 thousand individuals and 291 organizations are under sanctions from this country.

The Russian side stated that Switzerland, by joining European sanctions, had lost its neutral status.