Later in the afternoon, the Swiss government formally extended its existing list of targeted individuals, as it had announced on Thursday, adding the 363 individuals the EU sanctioned earlier this week.
These individuals are not formally sanctioned by Switzerland, but financial intermediaries will now have to report existing relationships with these people and cannot enter into new business relationships with them. The figures still have access to their Swiss bank accounts. An initial list was drawn up in 2014 after Russia’s annexation of Crimea.
The Swiss government is currently looking at tightening the measures, but has not announced what steps it will take. The Swiss Federal Council “has also taken note” of further EU sanctions imposed earlier this week and is planning to adjust its rules to prevent Swiss territory from being used to circumvent international sanctions.
Source link : https://www.politico.eu/article/eu-hits-out-at-switzerland-after-government-drags-feet-on-russia-sanctions/
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Publish date : 2022-02-25 03:00:00
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