The Ministry of Economy of Switzerland questioned the effectiveness of sanctions against Russia

Minister Guy Parmelin said it was difficult to assess the effectiveness of the sanctions, but noted that their main goal – ending the conflict in Ukraine – had not yet been achieved

Sanctions imposed by Western countries against Russia due to a special operation in Ukraine have not yet reached their goal, Guy Parmelin, head of the Swiss Ministry of Economics, Education and Science, recalled in an interview with Blick.

Answering the publication's question about whether the EU should not tighten sanctions against the energy sector of the Russian economy, the minister said that “the real question” lies in the degree of effectiveness of already introduced restrictions. In this particular case, if the goal of the sanctions is to end the Russian operation in Ukraine as soon as possible, “I want to note that this goal has not been achieved so far,” Parmelin said.

The effectiveness of sanctions, he said, depends largely on how they are implemented, as well as on other “political, diplomatic and legal means” used. The sanctions, which have received broad support from the world community, will be more effective than those adopted by individual states, the Swiss politician added.

In response to a journalist's request to evaluate the effectiveness of sanctions against Russia, Parmelin said that it was difficult to answer such a question. “If Russia sells less oil to the West, but sells part of this volume to other countries at higher prices, the result for Moscow is the same,” he noticed.

Western countries began to impose sanctions against Russia after the recognition of the DPR and LPR and the start of a military operation in Ukraine. Switzerland has taken measures similar to the first five EU sanctions packages.

On June 3, the EU approved the sixth package of anti-Russian sanctions. It included, in particular, the gradual abandonment of the import of Russian oil and some oil products by sea.

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