The Swiss government has announced its decision to impose further sanctions against Russia, aligning with the European Union’s (EU) 13th sanctions package.
The move comes in response to Russia’s ongoing full-scsle invasion against Ukraine, which has persisted for over two years. The sanctions are set to take effect at 6 pm on 1 March.
The 13th package of sanctions imposes restrictive measures on “an additional 106 individuals and 88 entities responsible for actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine,” primarily helping Russia’s military and defense sectors.
These new sanctions primarily target those involved in Russia’s military-industrial complex, including manufacturers of missiles, drones, anti-aircraft missile systems, and other military equipment. The listings also encompass Russian companies and individuals involved in procuring defense equipment from the Democratic People’s Republic of Korea.
Furthermore, the sanctions extend to judges and officials from the Russian-occupied territories of Ukraine and individuals and organizations implicated in the forced transfer of Ukrainian children.
Additional trade sanctions have been introduced to further restrict Russia’s access to sensitive goods and technologies for its military. These measures include adding 27 entities to the export ban on dual-use goods and goods that could enhance Russia’s military and technological capabilities. The list of goods subject to the export ban has also been expanded, with the sale and export to Russia of components used in drone design and manufacturing now prohibited.
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