Switzerland ditches neutrality to sanction Russia and Putin


Swiss Federal President Ignazio Cassis speaks throughout a press convention in Bern, Switzerland, Monday. Switzerland, a significant hub for storing wealth that’s in style with Russian oligarchs, is breaking with its custom of neutrality to sanction Russia. (Peter Schneider, Related Press)

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GENEVA — Switzerland, a significant hub for storing wealth that’s in style with Russian oligarchs, is breaking with its custom of neutrality to sanction Russia.

The Swiss authorities will undertake EU sanctions imposed following the invasion of Ukraine and instantly freeze any property belonging to Russian President Vladimir Putin, Prime Minister Mikhail Mishustin and Overseas Minister Sergey Lavrov, it stated in a press release Monday.

“We’re in a rare state of affairs,” President Ignazio Cassis informed reporters on Monday, in line with Reuters.

The nation will shut its airspace to flights from Russia and impose entry bans in opposition to plenty of people who’ve a connection to Switzerland and are near the Russian president, the federal government stated.

“Russia’s unprecedented navy assault on a sovereign European nation was the deciding issue within the Federal Council’s determination to vary its earlier stance on sanctions,” it added.

In a retaliatory transfer, Russia’s air transport company introduced Tuesday that it had closed its airspace to Switzerland.

Switzerland had confronted rising stress to affix different Western powers and impose sanctions on Russia.

European Fee spokesman Peter Stano stated final week that the bloc anticipated Switzerland to “observe go well with in standing up for defending the ideas on which our communities and nations are primarily based.”

Switzerland has lengthy sought to take care of neutrality, and the alpine nation has hosted quite a few peace talks and negotiations between geopolitical adversaries. It additionally has a banking trade that caters to lots of the world’s wealthiest folks.

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