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April 18, 2012 10:09 am

Switzerland Changes Course on Iran Sanctions

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Swiss Foreign Minister Didier Burkhalter. Photo: http://www.rhetorik.ch.

JPost/Reuters – Switzerland has extended financial sanctions against Iran but stopped short of freezing the assets of Iran’s central bank and imposing an oil embargo, pointing to an emerging policy rift with other Western powers over Tehran’s nuclear ambitions.

The Swiss Federal Council (cabinet) has opted to freeze the assets of eight companies and three individuals in a move which it said put it largely in line with restrictive measures voted by the European Union in January.

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