News Feed

Switzerland announces new sanctions against Russia

2 min read
Switzerland announces new sanctions against Russia
Photo for illustrative purposes only. Swiss flag waving on historic building (Getty Images)

Switzerland announced new sanctions against Russia on July 8, bringing the country further in line with the EU's 14th round of sanctions adopted in response to the Russian full-scale invasion of Ukraine.

The latest EU sanctions package aims to tackle the circumvention of existing measures and to further restrict profits from Russia's energy industry, adding 116 individuals and entities to the sanctions list.

The new Swiss sanctions target 69 individuals and 86 entities. Among the individuals are mainly businesspersons, propagandists, military personnel, members of the judiciary, those responsible for the forced deportation of Ukrainian children, and members of the Federal Security Service (FSB), the Swiss Economy Ministry said.

The Swiss Economy Ministry has also banned advertising on four Russian media outlets, namely Rossiyskaya Gazeta, Voice of Europe, RIA Novosti, and Izvestiya, due to "Russia's continuous propaganda and disinformation campaigns."

The EU banned the four outlets at the end of June.

The Swiss Federal Council "believes that it is more effective to counter false and harmful statements with facts rather than to prohibit them," and therefore, the media will not be subject to a ban in Switzerland.

The latest EU sanctions package added several additional measures, including prohibiting any EU facilities from being involved in the transshipment of Russian liquified natural gas (LNG) to any third-party countries.

The Swiss Federal Council "is currently examining these additional measures with a view to possibly adopting them," the Swiss Federal Economic Affairs Department said.

Switzerland has sanctioned more than 2,000 individuals and entities, in line with EU sanctions. The changes will take effect at 6 p.m. local time on July 9.

Avatar
Elsa Court

Audience Development Manager

News Feed

Videos posted to social media purportedly show several fires burning in the city of Makhachkala amid active air raid alerts in the region. Preliminary reports indicate explosions reported in the vicinity of the city's port, located off the Caspian Sea.

Video

In this interview, The Kyiv Independent's Francis Farrell speaks with Mykola Bielieskov, senior analyst at Come Back Alive and research fellow at the National Institute for Strategic Studies, about why Russian advances have slowed, how Ukraine’s drone tactics are reshaping the battlefield, and the limits of relying on manpower alone.

Show More