UPDATE - Switzerland Joins EU's Ninth Package Of Anti-Russian Sanctions - Federal Council
Faizan Hashmi Published January 26, 2023 | 05:40 AM
ZURICH (UrduPoint News / Sputnik - 26th January, 2023) Switzerland decided on Wednesday to enact the EU's ninth package of anti-Russian sanctions, the country's Federal Council said in a statement.
"On 25 January, the Federal Council decided to enact further sanctions against Russia. It has therefore adopted the latest measures introduced by the European Union (EU) under the ninth package of sanctions," according to the statement.
The measures were to come into force at 6 p.m. on Wednesday.
"The remaining measures of the ninth package of sanctions... include bans on services in the areas of product testing, advertising, and market research and opinion polling services, and new controls and restrictions on the export of various goods, including dual-use goods, goods for military and technological enhancement, or for the development of the defence and security sector, or goods that contribute to the enhancement of Russian industrial capacity," the Federal Council said.
"In addition, the export ban on goods for the aerospace industry will be extended to include engines for aircraft and drones. Likewise, new investments in the Russian mining sector will be banned," it said.
Earlier, the Swiss Federal Department of Economic Affairs, education and Research (EAER) approved the sanctioning of some 200 additional individuals and entities.
After the start of Russia's special military operation in Ukraine, the West stepped up sanctions pressure on Russia, which led to an increase in prices for electricity, fuel and food in Europe and the United States.
Russian President Vladimir Putin earlier said the policy to contain and weaken Russia is a long-term strategy for the West, and sanctions have dealt a severe blow to the entire global economy. According to him, the main goal of the West is to make the lives of millions of people worse. Russia has repeatedly said it will solve all the problems the West creates for it.
Related Topics
Recent Stories
PTI to stage nationwide protests against alleged electoral frauds
Senate continues discussion on Presidential address to Joint Sitting of Parliame ..
Masood Khan calls for Pak-US cooperation for regional peace
Interior Minister starts Margalla Trail Patrol for security
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
Today Gold Rate in Pakistan 26 April 2024
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
More Stories From World
-
Kenyan rugby player turned TikTok star cooks to fight depression
9 minutes ago -
Guangdong carbon market closes higher
9 minutes ago -
Sugar futures close higher
9 minutes ago -
Nuggets push Lakers to brink as Embiid's 50 points lead Sixers over Knicks
19 minutes ago -
China high-tech capacity exposes overcapacity mantra in green energy
29 minutes ago -
Golf: PGA Zurich Classic of New Orleans scores
39 minutes ago
-
Cybersecurity firm Darktrace accepts $5 bn takeover
59 minutes ago -
Clean energy drives massive BHP takeover bid
1 hour ago -
Copper price tops $10,000 for first time in two years
2 hours ago -
Ukraine agriculture minister held for alleged corruption
2 hours ago -
China calls Germany spy claims 'pure fabrication'
2 hours ago -
Singapore expects 1-3 pct growth this year
2 hours ago