Global Trade Alert
Global Trade Alert

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

Announcement

12 Oct 2022

In October 2022, the Swiss Federal Council announced additional sanctions against Russia in the context of its invasion of Ukraine. The measures include a geographical extension of the trade restrictions to the non-government-controlled Kherson and Zaporizhzhia oblasts as well as capital control and financial restrictions on 7 Russian entities, 6 of them companies.

 

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Number of interventions

5

5 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

12 Oct 2022

Revocation date:

No revocation date

Announced: 12 Oct 2022
Controls on commercial transactions and investment instruments In force
On 12 October, the Swiss Government imposed sanctions on 7 entities, 6 of them companies, on account of their alleged role in "the so-called 'referendums' organised by Russia in Ukrainian regions". Th...
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Announced: 12 Oct 2022
Controls on credit operations In force
On 12 October 2022, the Swiss Government introduced financial restrictions targeting the non-government-controlled Ukrainian oblasts of Zaporizhzhia and Kherson by amending the Ordinance "On measures ...
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Announced: 12 Oct 2022
Controls on commercial transactions and investment instruments In force
On 12 October 2022, the Swiss Government introduced financial restrictions targeting the non-government-controlled Ukrainian oblasts of Zaporizhzhia and Kherson by amending the Ordinance "On measures ...
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Announced: 12 Oct 2022
Export ban In force
On 12 October 2022, the Swiss Government introduced a ban for the export of certain goods to the non-government-controlled regions Kherson and Zaporizhzhia in response to Russia's "most recent annexat...
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Announced: 12 Oct 2022
Import ban In force
On 12 October 2022, the Swiss Government introduced a blank import ban for goods originating from the non-government-controlled regions Kherson and Zaporizhzhia in response to Russia's "most recent an...
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