US Disappointed With Swiss Decision On Russian Sanctions

U.S. Ambassador to Switzerland Scott Miller gives a statement during the Ukraine Recovery Conference in Lugano, Switzerland, on July 5, 2022. (Alessandro della Valle/Keystone via AP, File)

The Swiss government has announced its decision to adopt most of the measures included in the latest round of European Union sanctions against Russia over its actions in Ukraine. While not a member of the EU, Switzerland has historically aligned itself with the bloc's sanctions to deter Russian aggression.

However, the Swiss Federal Council has chosen not to fully implement all components of the 14th package of sanctions, drawing disappointment from the United States. The U.S. Ambassador in Switzerland emphasized the importance of closing loopholes that allow overseas subsidiaries to evade sanctions, stressing the need to disrupt Russia's financial support for its war efforts.