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.
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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
Updated: 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 service...
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Updated: 19 Aug 2025
Controls on commercial transactions and investment instruments
Recent update from 31 Jan 2026:
On 29 January 2026, the Swiss State Secretariat for Economic Affairs (SECO) issued Amendment Decree AS 2026/46, decreasing the price cap to USD 44.1 per barrel. The measure is in force since 1 Febr...
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Implementation date
12 Aug 2025
Revocation date:
No revocation date
Updated: 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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Updated: 19 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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Updated: 19 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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Updated: 19 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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Updated: 19 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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Updated: 19 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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Updated: 19 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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Updated: 19 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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Updated: 19 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
Updated: 19 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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Related State Acts
29 Jan 2026
Switzerland: Provision of financial and transport services related to Russian oil above USD 44.1 per barrel prohibited
29 Oct 2025
Switzerland: Adoption of further sanctions against Russia in line with the EU's 18th sanction package
03 Sep 2025
Canada: Government decreases price cap on Russian oil from USD 60 to USD 47.6 per barrel
11 Aug 2025
Switzerland: Eight Belarusian companies added to the frozen fund list (August 2025)
11 Aug 2025
Switzerland: Russian company A7 LLC added to the frozen fund list (August 2025)
19 Jul 2025
EU: 18th sanctions package against Russia for its invasion of Ukraine
19 Jul 2025
EU: Several companies headquartered in Russia, China, Azerbaijan, Mauritius, Hong Kong, UAE, Singapore, and India added to the frozen fund list
18 Jul 2025
United Kingdom: Government lowers Russian crude oil price cap to USD 47.60 per barrel
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
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