Liechtenstein Financial Sector Throws Weight Behind Sanctions Against Russia

The financial sector in Liechtenstein has come out in full support of the government’s efforts to implement financial sanctions against Russia. The Liechtenstein Bankers Association and the Liechtenstein Institute of Professional Trustees and Fiduciaries have pledged to work closely with government agencies and crisis teams to ensure a consistent application of the sanctions.

Full Support for Sanctions

The two organizations, which play a crucial role in Liechtenstein’s finance sector, have issued a joint statement expressing their commitment to enforcing worldwide sanctions. The statement reads:

“We recognize the central role of financial intermediaries in enforcing worldwide sanctions and assure the Liechtenstein government of our full support in implementing these sanctions.”

Regular Contact with Authorities

As part of this commitment, the associations will maintain regular contact with relevant authorities and crisis teams to ensure a seamless implementation of the sanctions.

Condemnation of Russia’s Invasion of Ukraine

In addition to their support for the sanctions, both organizations have strongly condemned Russia’s invasion of Ukraine. They express hope for a swift end to the conflict and a return to dialogue and diplomacy.

Upholding International Law

The move is seen as a significant step forward in Liechtenstein’s efforts to uphold international law and pressure on Russia to withdraw its troops from Ukrainian territory. By throwing their weight behind the sanctions, the financial sector in Liechtenstein is demonstrating its commitment to upholding international norms and values.

Conclusion

In conclusion, the financial sector in Liechtenstein has shown its unwavering support for the government’s efforts to implement financial sanctions against Russia. This move is a crucial step towards enforcing international measures and upholding international law.