Switzerland joins EU sanctions on Russian oil and Iranian drones

17 December 2022, 01:05 | Economy
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On Friday, December 16, the Swiss Federal Council imposed new sanctions on the Russian Federation for the war against Ukraine and on Iran for helping the aggressor state, joining the measures previously applied by the European Union. In particular, we are talking about limiting prices for Russian crude oil and petroleum products at $60 per barrel, the press service of the Swiss government said..

“In response to the ongoing Russian military aggression and destabilizing actions in Ukraine, on December 3, the EU agreed to apply new sanctions related to capping the prices of Russian crude oil and petroleum products.. This extends the ban on the transportation of such goods sold above the marginal price to trading and intermediary companies.. On December 16, the Federal Council decided to adopt these provisions, bringing the Swiss measures in line with those of the EU,” the institution said..



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In addition, the state introduced financial and travel restrictions against two people, as well as financial measures against two organizations from Iran.. They were included in the sanctions list due to their participation in the development and supply of Russia without lotters.

Recall that on Friday the Council of the European Union also introduced the ninth package of sanctions aimed at increasing pressure on Russia..




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