Global Trade Alert
Global Trade Alert

Switzerland: Adoption of further sanctions against Russia in line with the EU's 12th sanction package

Announcement

31 Jan 2024

In January 2024, the Swiss Federal Council adopted further sanctions towards Russia, in line with the 12th sanctions package of the EU.

Source

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Number of interventions

5

5 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Feb 2024

Revocation date:

No revocation date

Announced: 31 Jan 2024
Export licensing requirement In force
On 31 January 2024, the Swiss Federal Council introduced the export licencing requirement for the sale of tankers to Russia in its new sanction package. RO 2024 51 is the most recent modification to t...
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Announced: 31 Jan 2024
Import ban In force
On 31 January 2024, the Swiss Federal Council extended the list of products that generate significant revenues for Russia subject to an import ban. RO 2024 51 is the most recent modification to the Or...
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Announced: 31 Jan 2024
Import ban In force
On 31 January 2024, the Swiss Federal Council established an import ban on diamonds and products incorporating diamonds from Russia in its new sanction package. RO 2024 51 is the most recent modificat...
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Implementation date

31 Jan 2024

Revocation date:

No revocation date

Announced: 31 Jan 2024
Controls on commercial transactions and investment instruments In force
On 31 January 2024, the Swiss Federal Council announced that it is adding the Russian company PJSC Alrosa to the list of entities whose funds and economic resources will be frozen in Switzerland. The ...
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Announced: 31 Jan 2024
Export ban In force
On 31 January 2024, the Swiss State Secretariat for Economic Affairs added 29 firms to the list of firms that cannot, under any circumstances, get an exception from the export ban on dual-use goods to...
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