Announcement
11 Aug 2025
In August 2025, the Swiss government announced various trade and financial sanctions "in response to Russia’s ongoing war against Ukraine", implementing parts of the European Union's 18th package of sanctions.
Source
Number of interventions
12
11 certainly harmful
0 likely harmful
1 liberalising
Implementation date
03 Sep 2025
Revocation date:
31 Jan 2026
Implementation date
12 Aug 2025
Revocation date:
No revocation date
Implementation date
12 Aug 2025
Revocation date:
No revocation date
Announced: 29 Jan 2026
Switzerland: Provision of financial and transport services related to Russian oil above USD 44.1 per barrel prohibited
Announced: 29 Oct 2025
Switzerland: Adoption of further sanctions against Russia in line with the EU's 18th sanction package
To be terminated: 24 Feb 2026
Canada: Government decreases price cap on Russian oil from USD 60 to USD 47.6 per barrel
Announced: 11 Aug 2025
Switzerland: Eight Belarusian companies added to the frozen fund list (August 2025)
Announced: 11 Aug 2025
Switzerland: Russian company A7 LLC added to the frozen fund list (August 2025)
Announced: 19 Jul 2025
EU: Several companies headquartered in Russia, China, Azerbaijan, Mauritius, Hong Kong, UAE, Singapore, and India added to the frozen fund list
Removed: 23 Apr 2026
EU: 18th sanctions package against Russia for its invasion of Ukraine
Removed: 15 Jan 2026
United Kingdom: Government lowers Russian crude oil price cap to USD 47.60 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
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