Switzerland removed businessmen Mikhail Friedman and Alisher Usmanov from the list of sanctions related to the conflict in Ukraine, joining a similar decision by the European Union. The changes took effect on November 4, according to a document from the Swiss State Secretariat for Economic Affairs (SECO). In addition, since November 4, the country has included in the sanctions list about 85 Russian banks and non-bank credit institutions that previously fell under the EU sanctions package. Among them SDM Bank, Central Investment, Absolute Bank, Point Bank, Ozon Bank, Yandex Bank, Post Bank, Bank St. Petersburg, MTS Bank, Uralsib and Russian Standard.

Switzerland removed businessmen Mikhail Friedman and Alisher Usmanov from the list of sanctions related to the conflict in Ukraine, joining a similar decision by the European Union. The changes took effect on November 4, according to a document from the Swiss State Secretariat for Economic Affairs (SECO). In addition, since November 4, the country has included in the sanctions list about 85 Russian banks and non-bank credit institutions that previously fell under the EU sanctions package. Among them SDM Bank, Central Investment, Absolute Bank, Point Bank, Ozon Bank, Yandex Bank, Post Bank, Bank St. Petersburg, MTS Bank, Uralsib and Russian Standard.