On 4 November, the Federal Council decided to adopt the measures from the European Union’s 21st package of sanctions against Russia and Belarus, APA reports, citing the portal of Swiss government.
The EAER expanded and updated the sanctions lists relating to Russia and Belarus on 3 November. Switzerland is therefore adopting the amendments made by the EU as part of the 21st package of sanctions and other decisions. The amendments to the sanctions lists will come into effect at 11pm on 4 November, while the sectoral measures will come into force on 5 November.
In response to Russia's ongoing war against Ukraine, the EU adopted new measures against Russia on 23 July as part of its 21st package of sanctions. These include both new sanctions and sector-specific measures targeting the Russian energy and financial sectors, as well as measures to strengthen legal protection for European individuals and companies. At the same time, the EU has expanded its sanctions against Belarus.
The EU also adopted further listings on 17 July, 7 August and 28 September, and removed several individuals and one company from the sanctions lists on 22 September.
On 3 November, the EAER decided to adopt a number of these listings and to remove six individuals and one company from the sanctions list, in accordance with the relevant EU decision.
An additional 254 individuals, companies and entities are now subject to asset freezes and a ban on the provision of economic resources. The individuals are also banned from entering and transiting Switzerland. In the trade sector, 41 companies, including some in third countries, are subject to stricter export control measures. Switzerland also imposed a ban on transactions involving various companies and entities. These include 33 Russian banks, one bank from a third country, 17 financial institutions and crypto service providers, five companies from third countries, as well as four Russian airports and two Russian ports. Finally, a further 41 vessels linked to the Russian shadow fleet were subject to comprehensive bans on purchases, sales and the provision of services.
Following a weighing up of foreign policy and legal considerations, Switzerland has decided, for the time being, not to include two Russian nationals on the sanctions list. Similarly, fourteen companies from a third country are not currently subject to enhanced export control measures. However, operational measures already introduced under the 20th package of sanctions ensure that the trade restrictions are not circumvented.
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