Global Trade Alert
Global Trade Alert

Switzerland: Trade restrictions and financial sanctions against Belarus introduced

Announcement

16 Mar 2022

In March 2022, the Swiss Government announced financial sanctions and trade restrictions against Belarus due to its involvement in the Russian attack on Ukraine. 

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Number of interventions

5

5 certainly harmful

0 likely harmful

0 liberalising

List of interventions

5 in force

Implementation date

12 Apr 2022

Revocation date:

No revocation date

Controls on credit operations In force

On 16 March 2022, the Swiss Federal Council adopted a total revision of the Ordinance "On measures against Belarus", prohibiting the provision of financial services and the transfer of securities issu...

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Implementation date

16 Mar 2022

Revocation date:

No revocation date

Export ban In force

On 16 March 2022, the Swiss Federal Council introduced an export ban on dual-use items and defence and security technology to Belarus, by adopting a total revision of the Ordinance "On measures agains...

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Import ban In force

On 16 March 2022, the Swiss Federal Council introduced an import ban on wood products, products made of rubber, iron and steel, and cement originating from Belarus by amending the Ordinance "On measur...

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Controls on commercial transactions and investment instruments In force

On 16 March 2022, the Swiss Federal Council adopted a new version of the Ordinance "On measures against Belarus", prohibiting specialised financial messaging services which are used to exchange financ...

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Controls on commercial transactions and investment instruments In force

On 16 March 2022, the Swiss Federal Council adopted a total revision of the Ordinance "On measures against Belarus", restricting transactions with the National Bank of the Republic of Belarus and intr...

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