Switzerland imposes sanctions on 78 individuals, 7 organizations of Belarus Jul 7, 2021
MINSK, Jul 8 - PrimePress. The Swiss government has added 78 individuals and seven entities to its sanctions list for Belarus. Switzerland is thus following the European Union, which last month imposed wide-ranging economic sanctions on Belarus, targeting its main export industries and access to finance, the State Secretariat for Economic Affairs (SECO) reported on July 7.<br> <br> The list of the individuals and entities, which includes family members of Belarusian President Alexander Lukashenko, ministers, judges and members of parliament, is published on the website of SECO. The new measures take effect on Wednesday at 6pm, Swiss time. They provide for freezing of assets and the obligation to declare the blocked property. The listed persons are banned from entering the country or travel in transit.<br> <br> Switzerland imposed sanctions on Belarus in June 2006, and has updated the sanctions list more than 10 times since then.<br> <br> The Council of the European Union (EU) at the level of foreign ministers of EU member states approved on 21 June 2021 the fourth package of individual sanctions on Belarus targeting 78 individuals and eight entities. The list of persons and entities hit by the sanctions includes MAZ, BelAZ, New Oil Company, Belaeronavigatsia air traffic service company, Bremino Group, Logex and Globalcustommanagement logistics companies, Sohra (exporter of Belarusian equipment). In October 2020, the EU introduced three packages of mostly personal sanctions against Belarusian authorities. <br> <br> On June 25, 2021, the EU imposed sanctions on the major sectors of the Belarusian economy, including the termination of cooperation between the European Investment Bank and the public sector of Belarus, limitations on the participation of the EU countries in the Belarusian banking sector and access to the EU capital market and insurance services. Also, the EU prohibited EU entities and individuals from purchasing, selling, and provide investment services for or assistance in the issuance of, or otherwise deal with transferable securities and money-market instruments with a maturity exceeding 90 days, issued after 29 June 2021. Securities of large credit institutions or other institutions with more than 50% state ownership or control as of 29 June 2021 are also prohibited. The ban also affects bonds issued by major credit or other institutions established in Belarus with over 50% public ownership or control as of 29 June 2021. End<br> <br>
2021-07-08
Primepress
Switzerland imposes sanctions on 78 individuals, 7 organizations of Belarus Jul 7, 2021
The list of the individuals and entities, which includes family members of Belarusian President Alexander Lukashenko, ministers, judges and members of parliament, is published on the website of SECO. The new measures take effect on Wednesday at 6pm, Swiss time. They provide for freezing of assets and the obligation to declare the blocked property. The listed persons are banned from entering the country or travel in transit.
Switzerland imposed sanctions on Belarus in June 2006, and has updated the sanctions list more than 10 times since then.
The Council of the European Union (EU) at the level of foreign ministers of EU member states approved on 21 June 2021 the fourth package of individual sanctions on Belarus targeting 78 individuals and eight entities. The list of persons and entities hit by the sanctions includes MAZ, BelAZ, New Oil Company, Belaeronavigatsia air traffic service company, Bremino Group, Logex and Globalcustommanagement logistics companies, Sohra (exporter of Belarusian equipment). In October 2020, the EU introduced three packages of mostly personal sanctions against Belarusian authorities.
On June 25, 2021, the EU imposed sanctions on the major sectors of the Belarusian economy, including the termination of cooperation between the European Investment Bank and the public sector of Belarus, limitations on the participation of the EU countries in the Belarusian banking sector and access to the EU capital market and insurance services. Also, the EU prohibited EU entities and individuals from purchasing, selling, and provide investment services for or assistance in the issuance of, or otherwise deal with transferable securities and money-market instruments with a maturity exceeding 90 days, issued after 29 June 2021. Securities of large credit institutions or other institutions with more than 50% state ownership or control as of 29 June 2021 are also prohibited. The ban also affects bonds issued by major credit or other institutions established in Belarus with over 50% public ownership or control as of 29 June 2021. End