Switzerland Implements EU's 6th Sanctions Package on Russia, Including Gradual Oil Ban
Switzerland announced June 29 it's imposing further sanctions on Russia over its invasion of Ukraine, implementing the EU's most recent sanctions package, which includes an embargo on crude oil and certain refined petroleum products from Russia. The Swiss Federal Council…
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said the sanctions package also adds more than 100 Russian and Belarusian individuals and entities to the sanctions list and bans services related to the oil and petroleum products trade, including insurance or reinsurance for the transport of oil to any destination. The package also bans a number of financial and professional services such as auditing, public relations or consulting for Russian firms. Unlike the EU's sanctions package, Switzerland didn't ban the awarding of public contracts to Russian individuals or organizations with links to the country.