Switzerland adopts wholesale EU sanctions against Russia

Measures do not undermine neutrality principle as Switzerland says it is acting in defence of international law

Switzerland, a bastion of neutrality through two world wars, has decided to adopt wholesale swingeing EU sanctions against Russia, potentially freezing billions of dollars in assets and further increasing the pressure on the Russian economy. Swiss national bank data showed that Russian companies and individuals held assets worth more than $11bn in Swiss banks in 2020.

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