Wednesday’s decisionExternal link notably includes the introduction of a legal basis for putting price caps on Russian crude oil and petroleum products, a step previously announced – and yesterday outlined in more detail – by the G7.
It also foresees restrictions on “iron and steel products, aerospace goods, and goods of economic importance to Russia”, and bans on providing certain services (engineering, architectural, legal, or IT) to the Russian government and Russian companies.
Switzerland is now up to date with the EU’s eighth package of sanctions, which the bloc adopted on October 6.
On October 12, Switzerland already adopted various aspects of the same package, notably by adding 30 individuals and seven organisations to its sanctions list – mainly people involved in organising the widely unrecognised referendums which led to the annexation of various eastern Ukrainian regions at the end of September.
The sanctions will come into force on Wednesday at 6pm CET.
More
More
Is the criticism of Switzerland by Russian dissidents justified?
This content was published on
Two Swiss politicians respond to criticism that Switzerland is hiding behind neutrality and granting loopholes to Putin’s confidants.
This content was published on
Potentially toxic arsenic compounds can form in the human body when seafood is consumed. This is caused by arsenobetaine, which is often found in seafood. It can be converted into partially toxic substances by intestinal bacteria.
This content was published on
Swiss retailer Coop is expanding its programme to avoid meat waste. A corresponding pilot project is gradually being extended to the entire store network.
This content was published on
Women and foreign nationals are rarely found on the boards of directors of Swiss small and medium-sized businesses (SMEs).
Almost 700,000 people moved house in Switzerland in 2023
This content was published on
In Switzerland, 9.3% of the population moved in 2023. This was the lowest rate in over ten years, the Federal Statistical Office (FSO) said on Monday.
New trial in Zurich for lawyer in ‘cum-ex’ scandal
This content was published on
German lawyer Eckart Seith, considered in Germany to be the whistleblower in the cum-ex transaction scandal, is set to appear for trial again in Switzerland on Monday.
Swiss Federal Railways rated second best in Europe
This content was published on
The best railway company in Europe is Trenitalia, according to NGO Transport and Environment (T&E). Swiss Federal Railways came second.
Berset: ‘Democracy is regressing in several countries’
This content was published on
Democracy is backsliding in a number of nations and needs to be strengthened, says Alain Berset, secretary general of the Council of Europe.
Fall of Assad: Switzerland calls for reconciliation in Syria
This content was published on
Following the fall of Bashar al-Assad's regime in Syria, the Swiss foreign ministry has called on all parties to protect civilians and respect international humanitarian law.
Switzerland takes over EU sanctions on Russian gold
This content was published on
Switzerland, a major gold-refining hub, has followed the EU in banning Russian gold as part of new sanctions due to the war in Ukraine.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.