Switzerland planning to allocate $1.7B for Ukraine by 2028

Swiss Foreign Minister Ignazio Cassis stressed Switzerland’s commitment to long-term support for Ukraine, Ukrinform reports, referring to Swiss Info.

The government said it intends to provide at least another CHF1.5 billion ($1.7 billion) by 2028.

The support is to be provided as part of the international cooperation strategy for 2025 to 2028, the foreign ministry said on Wednesday.

Together with the CHF300 million earmarked for 2023 and 2024, Switzerland would support Ukraine with at least CHF1.8 billion (over $2 billion) over the next six years.

As reported, Switzerland joined the EU sanctions against Russia, introduced in March 2022, which include a ban on the export of a range of goods. In addition to frozen assets and travel restrictions, sanctions also ban exports of goods such as weapons, coal and luxury goods.