Announcement
29 Jan 2026
In January 2026, the Swiss government announced it would lower the price cap for Russian crude oil from USD 47.6 to USD 44.1 per barrel. The measure enters into force on 1 February 2026.
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Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
01 Feb 2026
Revocation date:
No revocation date
Announced: 29 Jan 2026
Export-related non-tariff measure, nes
In force
On 29 January 2026, the Swiss State Secretariat for Economic Affairs (SECO) issued Amendment Decree AS 2026/46, prohibiting Swiss operators from providing, directly or indirectly, transport services f...
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Announced: 29 Jan 2026
Controls on commercial transactions and investment instruments
In force
On 29 January 2026, the Swiss State Secretariat for Economic Affairs (SECO) issued Amendment Decree AS 2026/46, prohibiting Swiss operators from providing certain commercial and financing services to ...
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Related State Acts
Announced: 15 Jan 2026
United Kingdom: Government lowers Russian crude oil price cap to USD 44.10 per barrel
Announced: 15 Jan 2026
EU: Reduction in price cap on Russian crude oil to USD 44.1 per barrel
Removed: 31 Jan 2026
Switzerland: Further sanctions in response to Russia’s war against Ukraine, including lowered price cap on Russian crude oil (August 2025)
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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