Global Trade Alert
Global Trade Alert

Switzerland: Inclusion of new Russian entities on to frozen fund list and prohibition of financial services

Announcement

10 Jun 2022

In June 2022, the Swiss Government included further Russian banks and individualls on the list of entities that are subjected to financial sanctions due to the Russian invasion of Ukraine. The sanction includes a prohibition of financial services with 3 Russian banks. 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

10 Jun 2022

Revocation date:

No revocation date

Controls on commercial transactions and investment instruments In force

On 10 June 2022, the Swiss Federal Council updated the list of individuals and entities targeted by the sanctions adding over 100 further Russian and Belarusian individuals and entities. The regulatio...

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