Global Trade Alert
Global Trade Alert

Switzerland: Introduction of trade restrictions and financial sanctions towards Russia

Announcement

25 Mar 2022

In March 2022, the Swiss government introduced new sanctions towards Russia following the attack on Ukraine. The sanctions include an export ban on luxury goods and energy sector equipment, an import ban on steel and iron products, and several financial sanctions.

Source

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Number of interventions

5

5 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

25 Mar 2022

Revocation date:

No revocation date

Announced: 25 Mar 2022
Controls on commercial transactions and investment instruments In force
On 25 March 2022, the Swiss Federal Council prohibited any transactions with a list of twelve state-owned enterprises in Russia by amending the Ordinance "On measures related to the situation in Ukrai...
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Announced: 25 Mar 2022
Controls on commercial transactions and investment instruments In force
On 25 March 2022, the Swiss Federal Council prohibited any acquisition of new shares or participation or the expansion of existing participation of companies or the establishment of joint ventures ope...
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Announced: 25 Mar 2022
Controls on credit operations In force
On 25 March 2022, the Swiss Federal Council prohibited any financial services establishing new loans, credit, capital injection, or other financing services to entities in Russia operating in the ener...
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Announced: 25 Mar 2022
Import ban In force
On 25 March 2022, the Swiss Federal Council introduced an import ban on iron and steel products originating from Russia by amending the Ordinance "On measures related to the situation in Ukraine" of 4...
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Announced: 25 Mar 2022
Export ban In force
On 25 March 2022, the Swiss Federal Council introduced the export ban on luxury products, products for the energy sectors, and maritime navigation goods and technology. This measure was introduced fol...
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