War in Ukraine: Liechtenstein expands financial, commodity and trade sanctions …
Principality of Liechtenstein
Vaduz (ots)
On Friday, January 27, 2022, the government decided to amend the regulation on measures related to the situation in Ukraine. With the adjustment, the outstanding parts of the additional sanctions against Russia, which the EU decided on December 16, 2022, were independently reproduced. The government is thus consistently continuing its previous policy. At the same time, she decided to adjust the Iran sanctions.
With the autonomous implementation of the secret provisions of the ninth EU sanctions package of December 16, 2022, Liechtenstein is taking a series of measures aimed at the Russian economy. The existing ban on providing services is extended to the areas of advertising, market and opinion research, as well as product testing and technical monitoring. The existing transaction bans and the investment ban in the Russian energy sector will also be tightened. In addition, the EU introduced a ban on holding posts in governing bodies of any state-owned or state-controlled Russian legal entity, entity or body established in Russia, and expanded the list of end-users. In addition, the EU has also tightened existing restrictive goods and trade restrictions, in particular on dual-use goods and technologies, to technologically strengthen Russia’s defense and security sector and for the aviation sector. Finally, the EU issued further clarifications regarding the existing exceptions to the ban on oil imports and the existing exceptions to the import ban on steel products.
With the autonomous implementation of the EU sanctions, the government once again confirms that the blatant violation of Ukraine’s sovereignty and territorial integrity is unacceptable.
On January 27, 2023, the government also decided to amend the regulation on measures against the Islamic Republic of Iran. As part of the adjustment, 18 individuals and 19 organizations were included in the sanctions framework. The individuals are a senior figure in Iran’s political and senior leadership, as well as leading media figures and members of parliament. The organizations are cybersecurity companies and state institutions, defense contractors, police forces and regional Islamic Revolutionary Guard Corps. With the sanctions, the EU is responding to ongoing human rights violations in Iran.
Press contact:
Ministry of Foreign Affairs, Education and Sport
Martin Frick, Head of the Office for Foreign Affairs
T +423 236 60 52
[email protected]