Neutral Switzerland has taken a tough decision against Russia
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Economics
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Neutral Switzerland has taken a tough decision against Russia

Switzerland strikes sanctions on Russia
Source:  online.ua

The Swiss authorities have officially decided to join the 15th package of European Union sanctions against the aggressor country Russia, as well as measures against its ally Belarus.

Points of attention

  • The 15th EU sanctions package is aimed at countering sanctions evasion by Russia.
  • Brussels also imposed sanctions against those responsible for the shelling of a children's hospital in Kyiv.

Switzerland strikes sanctions on Russia

On December 23, it officially became known that the Swiss Federal Department of Economic Affairs, Education and Research, as the competent authority for sanctions issues, expanded the list of sanctions against Russia and Belarus.

Switzerland thus joins the additional sanctions imposed by the EU in response to Russia's ongoing military aggression against Ukraine and the situation in Belarus. The changes will enter into force on December 24, the official statement said.

In addition, it is emphasized that the new sanctioned individuals are also subject to a ban on entry into and transit through the country.

Official Bern has accepted individual financial sanctions that the European Union has imposed against Belarus as part of its measures against the Belarusian regime due to the situation in that country.

What is important to understand about the 15th package of sanctions against Russia

On December 16, official Brussels supported the 15th package of economic and individual restrictive measures against Russia.

It is worth noting that officials from the DPRK and Chinese suppliers of drone kits were included there.

The main goal of this package is to counter the circumvention of EU sanctions by targeting Russian dictator Vladimir Putin's shadow navy. Brussels also seeks to weaken the Russian military-industrial complex.

In total, 54 people and 30 organizations were hit by sanctions this time.

The EU has imposed sanctions against the military unit responsible for the shelling of the Okhmatdyt children's hospital in Kyiv on July 8, top managers of leading companies in the energy sector, individuals responsible for the deportation of children, propaganda and circumvention, as well as two North Korean officials.

Category
Economics
Publication date

Tariff war. Trump decided to make concessions

What is known about Trump's decision?
Source:  Politico

US leader Donald Trump is exempting smartphones, computers and other electronics from his global "reciprocal tariffs." Importantly, this comes after a tough week in markets amid the trade war.

Points of attention

  • While these products are spared from current tariffs, duties may apply if manufactured in China, impacting technology supply chains.
  • White House advisor affirms exempted goods may still be subject to 20% tariff on China due to the 'illegal drug crisis.'

What is known about Trump's decision?

Journalists note that the new instructions were published by the US Customs and Border Protection.

It exempts consumer electronics, many of which are made in China, from Trump's tariff escalation with China and the 10 percent base tariff on all countries.

In addition, it is indicated that equipment used for the production of semiconductors will also be exempt from tariffs.

While these electronics will not be subject to the tariff rates that Trump imposed this week as part of his trade war with China, these goods could still be subject to significant duties if they are manufactured in China.

White House senior adviser Stephen Miller has already made a statement on this matter.

According to the latter, these goods are still subject to the tariff on China as originally announced at 20%.

What is important to understand is the tariff rate that Trump imposed because of the "illegal drug crisis."

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