Switzerland expanded anti-Russian sanctions

Switzerland imposed sanctions against 141 individuals and 49 companies from Russia

The Swiss authorities have decided to add 141 individuals and 49 companies from Russia to their sanctions lists, reported the press service of the Ministry of Economy of the country on December 21.

"On December twenty-first, the federal department of economy, which is in charge of sanctions, expanded the sanctions list against Russia. Thus, Switzerland adopts the changes that the EU has decided to make due to the... the alarming situation in Ukraine," the statement said.

Switzerland also joined EU sanctions against a number of individuals and companies from Iran allegedly because of providing military support to Russia.

"The EU imposed sanctions on four new individuals and four Iranian entities on December 12, 2022," the statement said.

Earlier, on December 16, the Council of the European Union (EU) approved a new ninth package of anti-Russian sanctions. It is noted that the decision will introduce new controls and restrictions on the export of goods and technologies that may contribute to the technological improvement of the Russian defense and security sector.

On the same day, Kremlin spokesman Dmitry Peskov said it was too early to react to the ninth package of EU sanctions against Russia.

Western countries stepped up sanctions pressure on Russia amid a special operation to protect Donbass, which Russian President Vladimir Putin announced on February 24. However, it has already caused economic problems in Europe, causing a sharp increase in fuel and food prices.