Global Trade Alert
Global Trade Alert

Switzerland: Further sanctions in response to Russia’s war against Ukraine, including lowered price cap on Russian crude oil (August 2025)

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

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Number of interventions

12

11 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

03 Sep 2025

Revocation date:

31 Jan 2026

Announced: 11 Aug 2025
Export-related non-tariff measure, nes
On 11 August 2025, the Swiss State Secretariat for Economic Affairs (SECO) issued Amendment Decree AS 2025/497, prohibiting Swiss operators from providing, directly or indirectly, transport services f...
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Removed: 31 Jan 2026
Controls on commercial transactions and investment instruments
On 11 August 2025, the Swiss State Secretariat for Economic Affairs (SECO) issued Amendment Decree AS 2025/497, prohibiting Swiss operators from providing certain commercial and financing services to ...
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Implementation date

12 Aug 2025

Revocation date:

No revocation date

Announced: 11 Aug 2025
Foreign customer limit In force
On 11 August 2025, the Swiss State Secretariat for Economic Affairs (SECO) issued Amendment Decree AS 2025/497, adding 105 vessels to the list of vessels for which port access and the provision of sev...
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Announced: 11 Aug 2025
Controls on commercial transactions and investment instruments In force
On 11 August 2025, the Swiss State Secretariat for Economic Affairs (SECO) issued Amendment Decree AS 2025/497, placing seven entities based in the United Arab Emirates on the list of entities whose f...
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Announced: 11 Aug 2025
Controls on commercial transactions and investment instruments In force
On 11 August 2025, the Swiss State Secretariat for Economic Affairs (SECO) issued Amendment Decree AS 2025/497, placing two additional entities based in India on the list of entities whose funds and e...
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Announced: 11 Aug 2025
Controls on commercial transactions and investment instruments In force
On 11 August 2025, the Swiss State Secretariat for Economic Affairs (SECO) issued Amendment Decree AS 2025/497, placing two entities based in Hong Kong on the list of entities whose funds and economic...
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Announced: 11 Aug 2025
Controls on commercial transactions and investment instruments In force
On 11 August 2025, the Swiss State Secretariat for Economic Affairs (SECO) issued Amendment Decree AS 2025/497, placing one entity based in Singapore on the list of entities whose funds and economic r...
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Announced: 11 Aug 2025
Controls on commercial transactions and investment instruments In force
On 11 August 2025, the Swiss State Secretariat for Economic Affairs (SECO) issued Amendment Decree AS 2025/497, placing two companies headquartered in Mauritius and one company headquartered in Azerba...
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Announced: 11 Aug 2025
Controls on commercial transactions and investment instruments In force
On 11 August 2025, the Swiss State Secretariat for Economic Affairs (SECO) issued Amendment Decree AS 2025/497, placing three entities based in China on the list of entities whose funds and economic r...
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Announced: 11 Aug 2025
Export ban In force
On 11 August 2025, the Swiss State Secretariat for Economic Affairs (SECO) issued Amendment Decree AS 2025/497, placing 26 additional entities based in Russia, China, Hong Kong, and Türkiye to the lis...
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Announced: 11 Aug 2025
Controls on commercial transactions and investment instruments In force
On 11 August 2025, the Swiss State Secretariat for Economic Affairs (SECO) issued Amendment Decree AS 2025/497, placing 23 additional entities based in the Russian Federation on the list of entities w...
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Implementation date

12 Aug 2025

Revocation date:

No revocation date

Announced: 11 Aug 2025
Export ban In force
On 11 August 2025, the Swiss State Secretariat for Economic Affairs (SECO) issued Amendment Decree AS 2025/497, removing one entity based in China from the list of firms that cannot, under any circums...
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