Switzerland adopts Venezuela sanctions in line with EU

On 28 March, the Federal Council of Switzerland aligned itself with the European Union in adopting an arms and repressive goods embargo and financial and travel sanctions against Venezuela, and freezing the assets of, and imposing a transit ban upon, listed natural persons, companies and organisations.

The competent authority, SECO, said, ‘These measures are currently directed against seven Venezuelan ministers and high-ranking officials. Assets frozen under the measures must be reported to SECO without delay.’

The Federal Council said it ‘is seriously concerned by the repeated violations of individual freedoms in Venezuela, where the principle of separation of powers is severely undermined and the process in view of the forthcoming elections suffers from a serious lack of legitimacy,’ and ‘calls on Venezuela to restore the integrity of the electoral process and to promote an inclusive democratic environment that fully respects its constitutional and legal framework and its international obligations.’

See:
https://www.admin.ch/gov/en/start/documentation/media-releases.msg-id-70265.html