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Global Trade Alert

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Switzerland: Three Russian banks and a tech company put on sanctions list resulting in asset freezes

Description

On 25 February 2022, the Swiss Federal Council announced the listing of Russian entities whose funds will be frozen. The new entities subject to this sanction are Bank Rossiya, PROMSVYAZBANK and Vnesh...

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Intervention Details

Intervention Type

Controls on commercial transactions and investment instruments

MAST Chapter

Capital control measures

Implementation date

25 Feb 2022

Revocation date

No revocation date

Implementation level

National

Affected flow

Outward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Table

Affected Sectors

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Affected Products

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