Swiss Ban Luxury Watch Exports to Russia, Matching EU Measures

Switzerland, home to many of the world’s top watch brands, will ban the export of pricey timepieces and other luxury goods to Russia as the country matches European Union measures imposed in response to the invasion of Ukraine.

Switzerland’s Federal Council decided Friday to adopt the measures which will come into force in the next few days, the government said in a statement. The move deepens Switzerland’s commitment to matching EU measures to prevent their circumvention, further abandoning its traditional neutral stance.