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Switzerland has set a price cap for Russian oil

Bern joined the restrictions of the European Union, in particular, he also adopted a cap on oil prices from the Russian Federation.

Switzerland set a price cap for Russian oil at $60 per barrel and thereby joined EU sanctions against Russia. The Swiss Federal Council reported this on Friday, December 16.

“In response to Russia’s continued military aggression and destabilizing actions in Ukraine, on December 3, the EU agreed to apply new sanctions related to limiting prices for Russian crude and oil products ,” the report said.

Official Bern also set the price ceiling for Russian oil at $60 per barrel.

In addition, Swiss authorities have imposed financial restrictions as well as travel restrictions. Two organizations also fell under financial restrictions.

These measures concern Iranian individuals and entities sanctioned by the EU on November 14 for their involvement in the development and supply of drones to the Russian Federation.

The restrictions began on the evening of December 16, at 18:00.

Remember, on November 2, it became known that Switzerland joined the EU sanctions against Iran in connection with the supply of kamikaze drones to Russia.

In addition, Switzerland froze Russian assets worth 7.2 billion euros after the start of a full-scale Russian invasion of Ukraine.

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Source: korrespondent

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