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Reuters
Reuters
Business

Swiss implement further EU sanctions against Russia, Belarus

Switzerland has implemented more European Union sanctions against Russia and Belarus, the government said on Wednesday, in steps designed to reduce the countries' ability to raise funds or expand their industrial capacity.

"With the decision of 27 April, Switzerland is implementing the new measures decided by the EU on April 8 in view of Russia's ongoing military aggression in Ukraine," the government said in a statement.

The new measures include an import ban on lignite, coal and other items such as caviar, timber and seafood which are seen as important sources of revenue for Russia, the government said.

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