Switzerland imposes new sanctions on Russia and Belarus

In alignment with the European Union, Switzerland has adopted additional sanctions targeting Russia and Belarus, the Swiss government announced on Monday.

The latest measures, which will take effect on December 24, focus on individuals, organizations, and vessels linked to the Russian military and economic activities.

Switzerland has frozen the assets of 54 individuals and 30 companies and organizations. Additionally, the government has prohibited 52 vessels from providing services. Many of these ships are reportedly part of Russia's "shadow fleet," accused of circumventing the international price cap on Russian crude oil and petroleum products, transporting military equipment for Russia, or carrying stolen grain from Ukraine.

The sanctioned individuals have also been banned from entering Switzerland.

In line with the EU’s policy, Switzerland imposed financial and travel restrictions on 26 individuals and two organizations from Belarus. These measures aim to curtail support for Russian military activities and disrupt operations linked to Belarus.

This move follows the European Union's sanctions package targeting Russian vessels and entities, including Chinese companies alleged to have traded with the Russian military. Switzerland’s alignment with these measures underscores its commitment to maintaining pressure on Russia and its allies over the ongoing conflict in Ukraine.