Switzerland joins range of measures under 17th EU sanctions package against Russia
Source: Swiss Federal Council, as reported by European Pravda
Details: The EAER expanded its sanctions list by incorporating 17 individuals and 89 legal entities targeted by the EU into its latest sanctions package.
Switzerland also added 189 vessels to its blacklist. These ships are believed to belong to Russia's shadow fleet. Additionally, the country expanded the list of sanctioned goods.
The measures will take effect at 23:00 on Tuesday, the Swiss Federal Council reported.
Background:
On 20 May, the EU Council approved the 17th package of sanctions against Russia for its war against Ukraine, as well as separate sanctions for the use of chemical weapons in Ukraine.
The EU Council also revealed details of additional individual sanctions introduced in response to Russia's hybrid destabilisation activities targeting EU countries and allies.
These sanctions are part of a series of packages that were set forward for approval on 20 May.
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Luxury goods companies have been spared the worst case scenario in Sunday's EU-US trade deal. But the worst is not over yet, they still face a balancing act as already weak consumer demand prevents them from raising prices further. Reuters reports: Read more here. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
