Swiss body proposes removing barriers to re-export arms to Ukraine
Reuters
Published Jan 24, 2023 04:53PM ET
Updated Jan 24, 2023 08:02PM ET
GENEVA (Reuters) - A Swiss parliamentary body proposed on Tuesday waiving a re-export ban that prevents ammunition it manufactures from being re-exported from another country to Ukraine.
The recommendation passed with 14 in favour and 11 against and will require later approval from parliament.
"The majority of the commission deems that Switzerland should make a contribution to European security, which includes providing more aid to Ukraine," a Swiss parliamentary committee said in a press release late on Tuesday.
Switzerland has previously rejected appeals from Germany to allow it to re-export Swiss-made ammunition to Ukraine, saying such a move would violate its neutrality. But pressure has been rising for Bern to review its policies, including at the World Economic Forum it hosted in Davos last week.
The committee added in the statement that its proposals did not violate Swiss neutrality rules since the arms would go via another country and not directly to a conflict zone.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.