Switzerland adopts EU’s latest sanctions, targeting Russian oil.

On 23 November, the Federal Council of Switzerland informed that it had adopted further sanctions against Russia. It is thus adopting in principle the latest measures adopted by the European Union (EU) as part of its eighth package of sanctions.

The package includes a legal basis for the introduction of oil price caps for Russian crude oil and petroleum products, as well as restrictions on other iron and steel products, aerospace goods and goods of economic importance to Russia.

“In addition to adopting the measures set out in the EU’s eighth package of sanctions, the Federal Council has now explicitly included in the ordinance an arms embargo against Russia, which for reasons of Swiss neutrality will also be partially extended to Ukraine. Up until now, the arms embargo has been implemented in Switzerland largely on the basis of existing war materiel and goods control legislation. In adopting the embargo on military equipment, it is now explicitly included in the ordinance in connection with the situation in Ukraine,” Swiss government stressed.

You could close this page. Or you could join our community and help us produce more materials like this. We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!