Swiss Adopt New EU Sanctions On Russia, Allow Oil Payments

ZURICH, Switzerland – The Swiss government impose further sanctions against Russia over the war in Ukraine on Wednesday, in line with the European Union’s latest measures on gold and gold products, the cabinet said. The government said that it had made two new exceptions with respect to transactions related to agricultural products and oil supplies … More Swiss Adopt New EU Sanctions On Russia, Allow Oil Payments

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Swiss Give Cool Reply To Ukraine Call For Seizing Russian Assets

LUGANO, Switzerland – Switzerland has give a cool response to calls from Ukraine’s prime minister to use frozen assets of ultra – wealthy Russians to help fund his country’s $750 billion reconstruction project. Ukrainian Prime Minister Denys Shmygal told a conference in in Lugano that $300 – $500 billion of Russian assets had been frozen … More Swiss Give Cool Reply To Ukraine Call For Seizing Russian Assets

Swiss Lower House Backs Power To Independently Impose Sanctions

ZURICH – Switzerland’s lower house on Thursday backed legal changes that will allow the usually country to impose sanctions independently of other nations or international group on people or entities that have violated international humanitarian law. The lower chamber of Switzerland’s parliament voted in favour of change to the so – called embargo law in … More Swiss Lower House Backs Power To Independently Impose Sanctions

Davos Booster For $18 Billion Fund To Fight AIDS, Tuberculosis And Malaria

DAVOS, Switzerland – A global health fund has raised a third of the $18 billion it says is needed to reverse setbacks caused by the coronavirus pandemic and combat AIDS, malaria and tuberculosis. The Global Fund to Fight AIDS, Tuberculosis and Malaria announced its first pledge from the private sector on the sidelines of the … More Davos Booster For $18 Billion Fund To Fight AIDS, Tuberculosis And Malaria

World Faces A Turning Point, Ukraine’s Zelenskiy Warns Leaders At Davos

DAVOS, Switzerland – Ukrainian President Volodymyr Zelenskiy told global business leaders meeting at Davos on Monday that the world faces a turning point and has to ratchet up sanctions against Russia as a warning to other countries considering using brute force. ‘History is at a turning point…This is really the moment when it decided whether … More World Faces A Turning Point, Ukraine’s Zelenskiy Warns Leaders At Davos

Crypto Crowd Dominate Davos Main Street Despite Price Crash

DAVOS, Switzerland – A free bitcoin pizza stall and a ‘Liquidity Lounge’ were among the treats on offer for attendees at this year’s meeting in Davos, where blockchain and cryptocurrency firms have taken over its main street, despite a recent crash. Executives from the crypto sector have descended on the annual gathering of business leaders … More Crypto Crowd Dominate Davos Main Street Despite Price Crash

Swiss Implement Further EU Sanctions Against Russia, Belarus

ZURICH, Switzerland – Switzerland has implemented more European Union sanctions against Russia and Belarus, the government said on Wednesday, in steps designed to reduce the countries’ ability to raise funds or expand their industrial capacity. ‘With the decision of 27 April, Switzerland is implementing the new measures decided by the E.U. on April 8 in … More Swiss Implement Further EU Sanctions Against Russia, Belarus

Swiss Have Frozen $8 Billion In Assets Under Russia Sanctions

ZURICH, SWITZERLAND – Switzerland has so far frozen some 7.5 billion Swiss francs ($8.03 billion) in funds and assets under sanctions against Russians to punish Moscow’s invasion of Ukraine, government official Erwin Bollinger said on Thursday. The assets included money in frozen bank accounts and properties in fours Swiss cantons, Bollinger told a news conference … More Swiss Have Frozen $8 Billion In Assets Under Russia Sanctions

Russia Imposes Visa Restrictions On Citizens Of ‘Unfriendly Countries’

PARIS, France – Russian President Vladimir Putin signed a decree on Monday introducing visa restrictions for citizens of countries that Moscow deems ‘unfriendly’ in response to sanctions over Ukraine. The decree, which comes into force on Monday, suspends Russia’s simplified visa issuance regime with some European Union countries as well as Norway, Switzerland, Denmark and … More Russia Imposes Visa Restrictions On Citizens Of ‘Unfriendly Countries’

Swiss Government Lifts Nearly All COVID-19 Restrictions

ZURICH – Switzerland will lift almost all its coronavirus pandemic restrictions from midnight, the government said on Wednesday, as fears waned that a spike in infections fuelled by Omicron variant would overwhelm the health care system. The government said only the requirement to wear masks on public transport and while visiting healthcare facilities would remain … More Swiss Government Lifts Nearly All COVID-19 Restrictions