Switzerland Updates Sanctions Against Syria, FINMA Announces
The Swiss Federal Department of Economic Affairs, Education and Research has amended the sanctions ordinance targeting Syria.
The Swiss Financial Market Supervisory Authority (FINMA) announced that the Federal Department of Economic Affairs, Education and Research (WBF) has published an amendment to Annex 7 of the ordinance concerning measures against Syria.
The regulatory update modifies the existing sanctions framework maintained under Swiss law (SR 946.231.172.7), which governs economic and financial measures related to the jurisdiction. Further details regarding the specific entities or individuals affected by the revised annex were not immediately detailed in the publication.
Elena covers macroeconomic data and policy across the eurozone, translating industrial output, inflation and growth figures into what they mean for markets.
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