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Reuters
Reuters
Business
John Revill and Silke Koltrowitz

Swiss sharpen measures targeting Russia

Swiss President Ignazio Cassis addresses a news conference after a meeting of the Swiss government Bundesrat in Bern, Switzerland February 24, 2022. REUTERS/Arnd Wiegmann

Switzerland will tighten its measures against Russia following its invasion of Ukraine, President Ignazio Cassis said on Thursday, although the measures will not include an immediate freeze of the billions of francs held by Russians in Swiss accounts.

The government will adjust its regulations so Switzerland cannot be used to circumvent sanctions imposed by the European Union, Cassis told a news conference in Bern.

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