Switzerland Adopts EU's 12th Sanctions Package on Russia

Switzerland brought its Russia sanctions regime in line with the EU's by adopting the bloc's 12th sanctions package following Russia's invasion of Ukraine (see 2312180070), Switzerland's State Secretariat for Economic Affairs announced. The sanctions package adds 61 people and 86 entities to the list and implements a phased ban on Russian diamonds, though the secretariat noted that there are no longer any direct diamond imports from Russia to Switzerland since the invasion.