Switzerland adopts latest round of EU sanctions against Russia

ZURICH, April 13 (Reuters) – Switzerland has adopted the latest round of European Union sanctions against Russia and Belarus over Moscow’s military aggression against Ukraine, the government, now neutral country, said on Wednesday. in accordance with EU measures.

He also approved the sanctioning of 200 other people and entities, including two of Russian President Vladimir Putin’s daughters.

“Switzerland’s sanctions list now fully mirrors that of the EU,” he said in a statement.

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The amendments will enter into force at 4:00 p.m. GMT.

On Friday, the EU formally adopted sweeping new sanctions against Russia, including import bans on coal, timber, chemicals and all transactions with four Russian banks, including VTB (VTBR.MM). Read more

Switzerland only deviated from the package by omitting road and sea transport bans to the EU, which it said were unnecessary due to Switzerland’s geographical location.

The Alpine country said last week that it had so far frozen 7.5 billion Swiss francs ($8 billion) in funds and assets under sanctions against the Russians. Read more

Switzerland’s smaller neighbor Liechtenstein also embraced the EU sanctions and said last week it had frozen around 260 million Swiss francs linked to Russia.

Unlike other countries, Switzerland has not expelled any Russian diplomats in response to civilian deaths in the Ukrainian town of Bucha.

($1 = 0.9346 Swiss francs)

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Reporting by Silke Koltrowitz and Michael Shields; Editing by Brenna Hughes Neghaiwi

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