Switzerland Adopts EU's 21st Sanctions Package Against Russia and Belarus
Switzerland has officially adopted the European Union's 21st package of sanctions against Russia and Belarus. The Swiss Federal Council announced its decision on November 4, with the new restrictive measures taking effect on November 5. This move expands existing sanctions, targeting 254 individuals, companies, and other entities with asset freezes and prohibitions on providing economic resources. Individuals on the sanctions list are also barred from entering or transiting through Switzerland. The new measures include stricter export controls on 41 companies, including those registered in third countries, and bans on transactions involving 33 Russian banks, one third-country bank, 17 financial institutions, five third-country companies, four Russian airports, and two Russian ports. Additionally, 41 vessels linked to Russia's 'shadow fleet' face comprehensive bans on purchase, sale, and service provision. Switzerland is also broadening its export ban on goods that could enhance Russia's military and techno...