• 4 minutes Energy Armageddon
  • 6 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 12 minutes "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 hours Is Europe heading for winter of discontent with extensive gas shortages?
  • 1 day "False Flag Planted In Nord Stream Pipeline, GFANZ, Gore, Carney, Net Zero, U.S. Banks, Fake Meat, and more" - NEWS in 28 minutes
  • 3 days ""Green" Energy Is a Scam. It Isn't MEANT to Work." - By James Corbett of The Corbett Report
  • 1 day Wind droughts
  • 8 days Kazakhstan Is Defying Russia and Has the Support of China. China is Using Russia's Weakness to Expand Its Own Influence.
  • 3 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 13 hours Australian power prices go insane
  • 4 days Xi Is Set To Be Re-Elected As China’s Leader
  • 3 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 1 day Europeans and Americans are beginning to see the results of depending on renewables.
  • 12 days Oil Prices Fall After Fed Raises Rates
  • 32 mins Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in

Switzerland Breaks Neutral Status, Joins EU Sanctions On Russia

Switzerland's historic neutrality is no longer: moments ago Reuters reported that the Swiss government had joined the EU in adopting sanctions on Russia, freezing assets of targeted companies and people effective immediately:

  • SWISS GOVERNMENT SAYS ADOPTS EU SANCTIONS ON RUSSIA
  • SWISS GOVERNMENT SAYS FREEZES ASSETS OF TARGETED PEOPLE AND COMPANIES EFFECTIVE IMMEDIATELY
  • SWISS GOVERNMENT SAYS ADOPTS FINANCIAL SANCTIONS AGAINST PRESIDENT PUTIN AND OTHER RUSSIAN OFFICIALS

Swiss President Ignazio Cassis said that adopting the EU sanctions against Russia was a unique, difficult step that required careful consideration. Previously, on Sunday, he said that Switzerland’s neutrality must be preserved and it stood ready to offer its good offices for diplomacy if talks between Ukrainian and Russian officials on the Belarusian border do not succeed, for example by reaching an armistice.

“That does not prevent us from calling a spade a spade,” he said.

Switzerland had walked a tortuous line between showing solidarity with the West and maintaining its traditional neutrality that the government says could make it a potential mediator. But it faces growing pressure to side clearly with the West against Moscow and adopt punitive European Union sanctions. The government had so far said only that it will not let Switzerland be used as a platform to circumvent EU sanctions.

In the biggest peace march in decades, around 20,000 people demonstrated in the capital Bern on Saturday to support Ukraine, some booing the government over its cautious policy.

Cassis said on Sunday that Ukrainians fleeing the conflict would be welcome “for a transitional period, which we hope will be as short a possible.”

Justice Minister Karin Keller-Sutter said separately that Switzerland was ready to take in those who need protection and also to support the neighbouring countries affected. “We will not leave people in the lurch,” she said.

The Swiss government last week amended its watchlist to include 363 individuals and four companies that the EU had put on its sanctions list to punish Moscow.

Russians held nearly 10.4 billion Swiss francs ($11.24 billion) in Switzerland in 2020, Swiss National Bank data show.

By Zerohedge.com 

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News