Global Trade Alert
Global Trade Alert

Switzerland: Adoption of sanction package on Russian gold and Sberbank

Announcement

03 Aug 2022

In August 2022, the Swiss Government imposed further trade restrictions on Russia in the context of the Russian invasion of Ukraine. The sanction includes an import ban on Russian gold and financial sanctions on the Russian state-owned bank Sberbank.

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

03 Aug 2022

Revocation date:

No revocation date

Announced: 03 Aug 2022
Controls on commercial transactions and investment instruments In force
On 3 August 2022, the Swiss Federal Council modified the ordinance of 4 March 2022 introducing trade sanctions against Russia. That modification adds a Russian bank, Sberbank, to the list of sanctione...
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Announced: 03 Aug 2022
Import ban In force
On 3 August 2022, the Swiss Federal Council modified article 14 of the ordinance of 4 March 2022 introducing trade sanctions against Russia. The modification prohibits, in line with recent EU sanction...
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