Global Trade Alert
Global Trade Alert

Switzerland: Adoption of additional trade sanctions and introduction of legal basis for price cap mechanism for Russian crude oil and petroleum products

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

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Number of interventions

4

3 certainly harmful

1 likely harmful

0 liberalising

List of interventions

Implementation date

30 Sep 2023

Revocation date:

No revocation date

Announced: 23 Nov 2022
Import-related non-tariff measure, nes In force
On 23 November 2022, the Swiss Government prohibited the import of iron and steel products that, even if processed in a different country, incorporate these inputs from Russia. The measure enters into...
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Implementation date

23 Nov 2022

Revocation date:

No revocation date

Announced: 23 Nov 2022
Import ban In force
On 23 November 2022, the Swiss Government extended the lists of products originating from Russia subject to import bans. The measure enters into force the same day. In particular, the measure: Adds ...
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Announced: 23 Nov 2022
Export ban In force
On 23 November 2022, the Swiss Government extended the list of products subject to export bans to Russia and prohibited the export of several services to Russia. The measure enters into force the same...
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Implementation date

No implementation date

Revocation date:

No revocation date

Announced: 23 Nov 2022
Export-related non-tariff measure, nes
On 23 November 2022, the Swiss Government adopted a new legal basis for the introduction of oil price caps for Russian crude oil and petroleum products (classified under HS headings 2710 and 2709) in ...
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