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Swiss Suspension Explained
Switzerland suspended all new arms export licenses to the United States.
“Switzerland has said it will not issue licences for companies to export weapons to the United States due to the ongoing war on Iran, citing the country’s longstanding principle of neutrality”
The government cited its longstanding principle of neutrality and the Federal Act on War Materiel.
Existing licences remain valid but will be reviewed regularly.
Industry Fallout
The suspension has sent shockwaves through Switzerland's defence sector.
Rheinmetall announced it will relocate parts of its Skyranger production from Switzerland to Germany.
Global Reactions
The decision elicited mixed political reactions within Switzerland.
Sri Lanka rejected US requests to use its territory for strikes on Iran.
An Australian missile deal with Israel was cancelled.
