Global Trade Alert
Global Trade Alert

Switzerland: Sanctions against four entities and 41 vessels in response to the situation in Ukraine (December 2025)

Announcement

13 Jan 2026

In January 2026, the Swiss State Secretariat for Economic Affairs introduced sanctions against four entities and 41 vessels involved in Russia's shadow fleet and the transport of stolen Ukrainian goods. The measures involve asset freezes and prohibitions on port access and maritime services.

Source

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

13 Jan 2026

Revocation date:

No revocation date

Announced: 13 Jan 2026
Controls on commercial transactions and investment instruments In force
On 13 January 2026, the Swiss State Secretariat for Economic Affairs (SECO) placed one entity based in Vietnam on the list of entities whose funds and economic resources will be frozen in Switzerland....
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Announced: 13 Jan 2026
Foreign customer limit In force
On 13 January 2026, the Swiss State Secretariat for Economic Affairs (SECO) added 41 vessels to the list of vessels for which port access and the provision of several services are prohibited. The meas...
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Announced: 13 Jan 2026
Controls on commercial transactions and investment instruments In force
On 13 January 2026, the Swiss State Secretariat for Economic Affairs (SECO) placed three entities based in the United Arab Emirates and Russia on the list of entities whose funds and economic resource...
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