Switzerland has expanded its list of anti-Russia sanctions, aligning with the EU’s measures against Moscow. The sanctions include asset freezes and bans on providing funds and economic resources.
A total of 48 individuals and 35 entities have been sanctioned, with restrictions on their entry or transit in Switzerland. The targeted individuals are known supporters of the Russian military complex.
Three banks have been included in the transaction ban for using the Russian SPFS system, while 13 Russian financial institutions will face restrictions on providing specialized financial messaging services through the SWIFT system starting March 17.
Additionally, 74 vessels from third countries have been banned from offering services, particularly tankers involved in circumventing price caps on Russian oil or transporting military goods for Russia. The trade sector also sees 53 new entities subjected to stricter export control measures.