Global Trade Alert
Global Trade Alert

Switzerland: Introduction of sanctions against separatist regions Donetsk and Luhansk in Ukraine and against Russia

Announcement

28 Feb 2022

In February 2022, Switzerland has announced the adoption of several sanctions in response to Russia's recognition of Donetsk and Luhansk and the subsequent Russian attack on Ukraine. 

Source

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Number of interventions

6

6 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Mar 2022

Revocation date:

No revocation date

Announced: 28 Feb 2022
Instrument unclear In force
On 28 February 2022, the Swiss Federal Council adopted the closure of the Swiss airspace for commercial carriers from Russia in response to the Russian attack on Ukraine. Accordingly, from 1 March 202...
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Implementation date

28 Feb 2022

Revocation date:

No revocation date

Announced: 28 Feb 2022
Controls on commercial transactions and investment instruments In force
On 28 February 2022, the Swiss Federal Council amended the Ordinance of 27 August 2014 "On measures in connection with the situation in Ukraine" by introducing a ban on providing financial services to...
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Announced: 28 Feb 2022
Controls on credit operations In force
On 28 February 2022, the Swiss Federal Council amended the Ordinance of 27 August 2014 "On measures in connection with the situation in Ukraine and introduced a ban on providing financial services", p...
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Announced: 28 Feb 2022
Controls on commercial transactions and investment instruments In force
On 28 February 2022, the Swiss Federal Council amended the Ordinance of 27 August 2014 "On measures in connection with the situation in Ukraine" in response to the Russian attack on Ukraine and introd...
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Announced: 28 Feb 2022
Export ban In force
On 28 February 2022, the Swiss Federal Council introduced a ban for the export of certain goods to Donetsk and Luhansk in response to the Russian attack on Ukraine, by amending the Ordinance of 27 Aug...
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Announced: 28 Feb 2022
Import ban In force
On 28 February 2022, the Swiss Federal Council introduced a blank import ban for goods originating from Donetsk and Luhansk in response to the Russian attack on Ukraine by amending the Ordinance of 27...
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Related State Acts

Announced: 12 Oct 2022

Switzerland: Extension of trade restrictions to Kherson and Zaporizhzhia regions and inclusion of new Russian entities to sanctions list

Announced: 27 Apr 2022

Switzerland: Further trade restrictions on Russia and Belarus

Announced: 13 Apr 2022

Switzerland: Financial sanctions introduced for a further 18 Russian banks and companies

Announced: 25 Mar 2022

Switzerland: Introduction of trade restrictions and financial sanctions towards Russia

Announced: 16 Mar 2022

Switzerland: Trade restrictions and financial sanctions against Belarus introduced

Announced: 15 Mar 2022

Switzerland: Nine Russian companies added to the asset freeze and financial sanctions list

Announced: 04 Mar 2022

Switzerland: Export bans against Russia in the field of aviation, space and oil refinery and dual-use goods introduced

Announced: 28 Feb 2022

EU: Russian carriers banned from EU airspace

Announced: 28 Feb 2022

EU: Financial entities forbidden from processing transactions of the Russian Central Bank

Announced: 25 Feb 2022

EU: Export ban on dual-use, oil refining and aviation goods and technology to Russia

Announced: 24 Feb 2022

Canada: Government imposes a broad dealings ban on the DNR and LNR regions of Ukraine

Announced: 23 Feb 2022

EU: Trade restrictions with Ukraine's non-government-controlled regions of Donetsk and Luhansk

Announced: 23 Feb 2022

EU: Three Russian banks and one technology company added to the frozen funds list as part of sanctions package

Announced: 23 Feb 2022

EU: Prohibition to provide financial services to the Russian government and Central Bank

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