Published: 05 Jul 2012 15:30 GMT+02:00 | Print version
Updated: 05 Jul 2012 15:30 GMT+02:00
Switzerland announced tougher sanctions against Iran on Thursday but refused to implement an outright ban on oil imports "for policy reasons".
The sanctions -- which come into force on July 6th -- are in line with measures imposed on Iran by the European Union.
They include a ban on the supply of petrochemical equipment and diamonds to Tehran, the Federal Department of Economic Affairs (FDEA) said in a statement.
All imports of crude oil and related products from Iran, which have been banned in the EU since July 1st but not in Switzerland, must nonetheless be declared to the State Secretariat for Economic Affairs, the FDEA said.
"For foreign policy reasons, transactions involving Iranian oil and petrochemical products have not been prohibited as in the EU, but they are instead subject to a declaration requirement."
Switzerland has imported no crude oil from Iran since 2006, according to the FDEA, which said that "further measures" may be taken against Tehran "based on reports received".
Financial measures were also imposed against 78 Iranians accused of serious human rights violations, the FDEA said.
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The Swiss federal government wants the OECD group of industrialized nations to broker a global deal on the exchange of information about people who bank their cash outside their homeland. READ () »
Swiss researchers said Monday they have created a small four-legged, high-speed robot that runs like a cat in a bid to create a new breed of automated devices for use in search and rescue operations. READ () »
Swiss-Swedish engineering giant ABB on Monday named the head of its Discrete Automation and Motion (DM) division, Ulrich Spiesshofer, as its new chief executive after Joe Hogan announced last month he would step down. READ () »
Almost one in six Swiss residents suffers from symptoms of depression, an illness that costs Switzerland’s economy an estimated 11 billion francs a year, a report released on Monday says. READ () »
Questions are being raised anew about the safety of a level crossing in a Fribourg village after an eight-year-old boy was killed by a train near the same spot where his uncle died in 2004. READ () »
Swiss President Ueli Maurer says Switzerland is prepared to launch a criminal investigation against American spy Edward Snowden if concrete proof of his activities in the Alpine country is confirmed. READ () »
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