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Switzerland imposes economic sanctions against Belarus

Source : 112 Ukraine

The Swiss authorities have restricted the trade of technologies of double purpose and oil products with Minsk, and also approved the ban for credits for Belarusian authorities
08:04, 12 August 2021

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The Federal Council of Switzerland has announced further economic sanctions against Belarus as the government reported.

The measures provide the enhancing of control over the trade by particular goods, as well as the restrictions in the financial sector. The Federal Council introduces sanctions for products that could be used to monitor or intercept internet and telephone communications. 

Related: Famous boxer Kudin sentenced to two and a half years in Belarus

Moreover, the sanctions restrict the trade of double-purpose goods and technologies, oil products and potassium chloride (potash) products, and goods used for the production or processing of tobacco products.

In the financial sector, the Swiss government introduced the restriction for the issuance of certain financial instruments and trading them and also the provision of loans and insurance or reinsurance services to the Belarusian government and other public bodies and agencies. 

Related: Belarus to remove Constitutional norm on country's aspiration for neutrality

Finally, the introduced financial sanctions concern the Belarusian enterprise, Belaeronavigatsia, the provider of air navigation services.

It is noted that Switzerland is deeply concerned about “the steadily deteriorating human rights situation in Belarus and the absence of dialogue between the government and civil society”.  The Swiss authorities urge Belarus to stick to the international commitments in human rights.

Related: Belarus recalls agreement on appointment of U.S. Ambassador

As we reported, President of U.S. Joe Biden has signed the law on the introduction of new sanctions against Belarus on August 9.

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