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Switzerland Restricts Financial Transactions for Blacklisted Russian Officials

Swiss authorities announced last week a decision to impose restrictions on financial transactions against some Russian officials

"The Federal Council on April 2, 2014 decided not to introduce the EU sanctions on the territory of Switzerland. However, we will take steps to prevent the circumvention of these sanctions through Switzerland," reads a statement of the State Secretariat for Economic Affairs of Switzerland (SECO).

Last month, the US and the EU published a "black list" of Russian and Crimean officials for sanctions.

Switzerland is having a great net worth year so far according to this report.

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