Switzerland has aligned with the European Union by adopting the 11th package of sanctions targeting Russia. This step mirrors the measures recently approved by the EU and signals a coordinated stance on sanctions enforcement.
On August 16, 2023, the Swiss Federal Council confirmed new sanctions against Russia, aligning with the EU package that was ratified in Brussels. The declaration explained that Switzerland would implement these measures in step with the European Union’s latest package and would apply them in full accordance with Swiss law.
Earlier, representatives from the European Union, meeting in Brussels, discussed expanding personal sanctions against the Russian Federation in response to developments in Ukraine. The information was conveyed by the Spanish Presidency of the Council of the European Union via its official social media channel.
Personal sanctions against Russia, in the context of Ukraine, are typically renewed every six months to reflect changing circumstances on the ground and within the international response framework.
From June onward, the EU’s 11th sanctions package increased the scope of personal restrictions, affecting approximately 1,800 individuals and entities. This broadening underscores the EU’s commitment to maintaining targeted pressure aimed at those connected to Russia’s actions in Ukraine while attempting to avoid undue disruption to civilian lives and legitimate economic activities in the region.
Earlier statements from the European Commission outlined the tally of Russia’s sovereign assets frozen within the European Union, illustrating the scale of the financial measures undertaken by the bloc in coordination with member states and allied partners.