Global Trade Alert
Global Trade Alert

Switzerland: Further sanctions in response to Russia’s invasion of Ukraine (May 2026)

Announcement

21 May 2026

In May 2026, the Swiss State Secretariat for Economic Affairs (SECO) announced further sanctions against Russia in response to its ongoing war against Ukraine. The measures include asset freezes, port access restrictions, and transaction bans.

Source

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Number of interventions

15

13 certainly harmful

0 likely harmful

2 liberalising

List of interventions

Implementation date

22 May 2026

Revocation date:

No revocation date

Announced: 21 May 2026
Controls on commercial transactions and investment instruments In force

Recent update from 01 Jun 2026:

On 21 May 2026, the Swiss State Secretariat for Economic Affairs (SECO) published Amendment Decree AS 2026/235, delisting three Tajikistan credit and financial institutions and entities providing ...

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Announced: 21 May 2026
Foreign customer limit In force

Recent update from 01 Jun 2026:

On 21 May 2026, the Swiss State Secretariat for Economic Affairs (SECO) published Amendment Decree AS 2026/235 re-allowing port access and the provision of several services to 11 vessels previously...

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Implementation date

22 May 2026

Revocation date:

No revocation date

Announced: 21 May 2026
Controls on commercial transactions and investment instruments In force

Recent update from 01 Jun 2026:

On 21 May 2026, the Swiss State Secretariat for Economic Affairs (SECO) published Amendment Decree AS 2026/235, prohibiting Swiss operators from engaging in any transactions with two Russian and o...

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Announced: 21 May 2026
Controls on commercial transactions and investment instruments In force

Recent update from 01 Jun 2026:

On 21 May 2026, the Swiss State Secretariat for Economic Affairs (SECO) published Amendment Decree AS 2026/235, forbidding transactions, directly or indirectly, with RUBx and Digital Rouble. The me...

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Announced: 21 May 2026
Export ban In force

Recent update from 01 Jun 2026:

On 21 May 2026, the Swiss State Secretariat for Economic Affairs (SECO) published Amendment Decree AS 2026/235, adding 60 entities to the list of firms that cannot, under any circumstances, get an ...

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Announced: 21 May 2026
Controls on commercial transactions and investment instruments In force

Recent update from 01 Jun 2026:

On 21 May 2026, the Swiss State Secretariat for Economic Affairs (SECO) published Amendment Decree AS 2026/235, forbidding transactions, directly or indirectly, with non-financial entities that und...

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Announced: 21 May 2026
Controls on commercial transactions and investment instruments In force

Recent update from 01 Jun 2026:

On 21 May 2026, the Swiss State Secretariat for Economic Affairs (SECO) published Amendment Decree AS 2026/235, forbidding transactions, directly or indirectly, with three credit and financial inst...

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Announced: 21 May 2026
Controls on commercial transactions and investment instruments In force

Recent update from 01 Jun 2026:

On 21 May 2026, the Swiss State Secretariat for Economic Affairs (SECO) published Amendment Decree AS 2026/235, prohibiting the engagement, directly or indirectly, in any transaction with 20 new Ru...

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Announced: 21 May 2026
Foreign customer limit In force

Recent update from 01 Jun 2026:

On 21 May 2026, the Swiss State Secretariat for Economic Affairs (SECO) published Amendment Decree AS 2026/235 forbidding port access and the provision of several services to 46 vessels that contri...

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Announced: 21 May 2026
Controls on commercial transactions and investment instruments In force

Recent update from 01 Jun 2026:

On 21 May 2026, the Swiss State Secretariat for Economic Affairs (SECO) published Amendment Decree AS 2026/235, adding one Seychelles-based company to the list of entities whose funds and economic ...

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Announced: 21 May 2026
Controls on commercial transactions and investment instruments In force

Recent update from 01 Jun 2026:

On 21 May 2026, the Swiss State Secretariat for Economic Affairs (SECO) published Amendment Decree AS 2026/235, adding nine companies based in the United Arab Emirates, to the list of entities whos...

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Announced: 21 May 2026
Controls on commercial transactions and investment instruments In force

Recent update from 01 Jun 2026:

On 21 May 2026, the Swiss State Secretariat for Economic Affairs (SECO) published Amendment Decree AS 2026/235 adding 59 companies based in Russia, to the list of entities whose funds and economic ...

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Announced: 21 May 2026
Controls on commercial transactions and investment instruments In force

Recent update from 01 Jun 2026:

On 21 May 2026, the Swiss State Secretariat for Economic Affairs (SECO) published Amendment Decree AS 2026/235 adding one Kyrgyzstan-based company, to the list of entities whose funds and economic ...

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Announced: 21 May 2026
Controls on commercial transactions and investment instruments In force

Recent update from 01 Jun 2026:

On 21 May 2026, the Swiss State Secretariat for Economic Affairs (SECO) published Amendment Decree AS 2026/235, adding two companies based in Uzbekistan to the list of entities whose funds and econ...

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Announced: 21 May 2026
Controls on commercial transactions and investment instruments In force

Recent update from 01 Jun 2026:

On 21 May 2026, the Swiss State Secretariat for Economic Affairs (SECO) published Amendment Decree AS 2026/235, adding one Kazakh company to the list of entities whose funds and economic resources ...

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