Switzerland bans exports for Russian oil, aviation and space industries

16:38, 04.03.2022 1 min read

Switzerland is banning exports of dual-use items, defense and security sector goods and exports for the for Russian oil, aviation and space industries.

"The export of all dual-use items to Russia is now prohibited, regardless of their end-use or end-user. In addition, the export of goods that could contribute to Russia's military and technological enhancement or the development of the defense and security sector is prohibited. In this context, it is also prohibited to provide technical assistance, brokering services or financing," the Swiss Federal Council said in a press release.

"The export to Russia of certain goods and services in the oil sector is no longer permitted. Furthermore, the export of certain goods and technology that can be used in aviation and the space industry is prohibited. Certain services related to these goods, for example insurance, repair work, inspections, brokering services and financial assistance, are also prohibited," it said.