Switzerland Lifts Sanctions Against Alisher Usmanov
Following an EU decision, Switzerland removed Alisher Usmanov and Mikhail Fridman from its sanctions list. The changes took effect on November 4 at 23:00 local time.
On November 3, the Swiss Federal Department of Economic Affairs, Education and Research approved the removal of six individuals and one company from the sanctions list. The authorities stated that the decision was made in accordance with the EU ruling dated September 22. It came into force on November 4 at 23:00 Swiss time.
Among those removed was former rector of the Crimean Federal University, Andrey Falaleyev.
Simultaneously, the country joined the EU's 21st package of restrictions against Russia and Belarus. The measures now apply to 254 individuals, companies, and organizations: their assets are subject to blocking, and economic resources may not be provided to them. For individuals, entry and transit bans through Switzerland are also in place.
Transactions were restricted with 33 Russian banks, one bank from a third country, 17 financial organizations, and cryptocurrency service providers. The list also includes five companies from third countries, four Russian airports, and two ports.
The purchase, sale, and servicing of 41 vessels linked to Russia's 'shadow fleet' are now prohibited. Sectoral restrictions will come into effect on November 5.
