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Switzerland adopts further sanctions against Belarus

Published by Uma Rajagopal

Posted on October 31, 2024

1 min read

· Last updated: January 29, 2026

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Swiss government announces new sanctions against Belarus amid EU measures - Global Banking & Finance Review
The image depicts a Swiss flag, symbolizing Switzerland's new sanctions against Belarus. These measures align with EU actions to combat circumvention of sanctions related to the Ukraine conflict, targeting Belarusian energy and luxury goods sectors.
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ZURICH (Reuters) – The Swiss government said on Wednesday it had approved more sanctions against Belarus, bringing it into line with measures the European Union adopted against Minsk in late June. The measures aim to further align sanctions against Belarus with sanctions against Russia over the invasion of Ukraine. One main aim is to prevent […]

ZURICH (Reuters) – The Swiss government said on Wednesday it had approved more sanctions against Belarus, bringing it into line with measures the European Union adopted against Minsk in late June.

The measures aim to further align sanctions against Belarus with sanctions against Russia over the invasion of Ukraine. One main aim is to prevent the circumvention of existing sanctions against Russia, the Swiss Federal Council said in a statement.

The measures will come into effect on Oct. 31.

The new sanctions include a ban on investment in companies operating in the Belarusian energy sector, and prohibit the purchase and import of gold, diamonds, coal and crude oil from Belarus or of Belarusian origin, the statement said.

They also ban the sale and export to Belarus of luxury goods, goods for oil refining and for the liquefaction of natural gas, aviation fuel and fuel additives, maritime goods as well as goods which strengthen Belarusian industrial capacity.

(Reporting by Dave Graham ; Editing by Gareth Jones)

Frequently Asked Questions

What are sanctions?
Sanctions are restrictions imposed by countries or international organizations to influence a nation's behavior, often in response to violations of international law or human rights.
What is an investment ban?
An investment ban prohibits individuals or entities from investing in specific sectors or companies, often as a measure to enforce sanctions or protect national interests.
What is the energy sector?
The energy sector encompasses industries involved in the production and distribution of energy, including oil, gas, coal, and renewable energy sources.

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