Announcement
15 Feb 2023
In February 2023, the Swiss Government adopted additional sanctions against Russia in the context of its invasion of Ukraine. The measures include price caps for Russian crude oil and petroleum products above USD 45 or USD 100 per barrel as well as sanctions against more Russian media entities. In addition, another Iranian drone manufacturer is added to the Swiss frozen funds list.
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Number of interventions
4
4 certainly harmful
0 likely harmful
0 liberalising
List of interventions
4 in force
Implementation date
15 Feb 2023
Revocation date:
No revocation date
Controls on commercial transactions and investment instruments
In force
On 15 February 2023, the Swiss Government announced that it will prohibit Swiss operators from providing certain commercial financing services to entities that provide transportation-related services ...
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Export-related non-tariff measure, nes
In force
On 15 February 2023, the Swiss Government announced that it will prohibit Swiss operators from providing, directly or indirectly, transport services for the exportation of Russian crude oil or petrole...
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Import ban
In force
On 15 February 2023, the Swiss Government announced that it will suspend the broadcasting activities of 4 Russian state-owned media outlets in Switzerland. The measure enters into force on the day of ...
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Controls on commercial transactions and investment instruments
In force
On 15 February 2023, Swiss Federal Department of Economic Affairs (EAER) placed one Iranian company on the list of entities whose funds and economic resources will be frozen in Switzerland. The target...
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Related State Acts
31 Oct 2022
Switzerland: Inclusion of Iranian military drone manufacturer on the frozen fund list
23 Nov 2022
Switzerland: Adoption of additional trade sanctions and introduction of legal basis for price cap mechanism for Russian crude oil and petroleum products
07 Dec 2022
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
16 Dec 2022
EU: New sanctions package includes extended export and import bans, an investment prohibition on Russian mining projects, and other economic sanctions
20 Dec 2022
Switzerland: Inclusion of 29 Russian companies as well as 4 Iranian military drone and weaponry manufacturers on the frozen fund list
30 Jan 2023
EU: Iran Aircraft Manufacturing Industries Corporation (HESA) added to the frozen fund list
03 Feb 2023
Canada: Price cap on seaborne petroleum products from Russia
04 Feb 2023
EU: Operators prohibited from providing financial and transport services related to Russian crude oil and petroleum products above USD 45 or USD 100 per barrel
24 Feb 2023
Australia: Imposition of USD 100 per barrel price cap on Russian seaborne petroleum products
03 Feb 2023
United States of America: Department of Treasury prohibits providing services facilitating the maritime transport of Russian petroleum products above USD 45 or USD 100 per barrel
03 Feb 2023
United Kingdom: HM Treasury prohibits the provision of services facilitating the maritime transport of Russian oil products above USD 45 or USD 100 per barrel
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