Announcement
23 Nov 2022
In November 2022, the Swiss Government adopted additional trade sanctions against Russia in the context of Russia's invasion of Ukraine. The measures include the introduction of a legal basis for a price cap mechanism for Russian crude oil and petroleum products.
Source
Number of interventions
4
3 certainly harmful
1 likely harmful
0 liberalising
Implementation date
30 Sep 2023
Revocation date:
No revocation date
Implementation date
23 Nov 2022
Revocation date:
No revocation date
Implementation date
No implementation date
Revocation date:
No revocation date
Announced: 15 Feb 2023
Switzerland: Adoption of further economic sanctions against Russia, including price caps for Russian crude oil and petroleum products above USD 45 or USD 100 per barrel
Removed: 02 Sep 2025
Switzerland: Provision of financial and transport services related to Russian oil above USD 60 per barrel prohibited and 2 Iranian military drone manufacturers added to the frozen fund list
Announced: 12 Oct 2022
Switzerland: Extension of trade restrictions to Kherson and Zaporizhzhia regions and inclusion of new Russian entities to sanctions list
Announced: 06 Oct 2022
EU: Adoption of a price cap mechanism for Russian crude oil and petroleum products, as well as additional trade sanctions
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