Swiss Sanctions: Tightening the Stranglehold on Belarus

The Swiss government is implementing additional sanctions against Belarus, aligning with EU measures and aimed at thwarting the evasion of Russian sanctions. Effective October 31, the sanctions target Belarus's energy sector and prohibit imports of gold, diamonds, and other luxury goods from Belarus.

In a decisive move, Switzerland has announced a new wave of sanctions targeting Belarus, following the example set by the European Union in June. This strategy is aimed at curbing efforts to bypass the sanctions imposed on Russia following its incursion into Ukraine.

Set to take effect on October 31, these sanctions include halting investments in Belarusian energy companies and banning the import of Belarusian-origin gold, diamonds, coal, and crude oil, as detailed by the Swiss Federal Council.

Furthermore, the export to Belarus of luxury items, oil refining goods, aviation fuel, and equipment enhancing industrial capability is now prohibited, marking a significant tightening of economic measures.

(With inputs from agencies.)