Having focused on the enforcement of sanctions by Australia and Ukraine in the past weeks, we now turn our attention to the sanctions enforcement trends in Switzerland. What are the recent sanctions enforcement trends in Switzerland? The State Secretariat for Economic Affairs (“SECO”) is responsible for the enforcement of violations under the Federal Act on the Implementation of International Sanctions (“Embargo Act”; accessible here) and thus also for violations under the Ordinance on Measures in connection…
On 25 January 2023, Switzerland implemented the EU’s 9th sanctions package adopted on 16 December 2022, and is now again by and large in alignment with EU sanctions against Russia. Switzerland thereby also introduced new measures, consisting, among others, of the following: Extension of the scope of prohibitions: The sale, transport and transit of petroleum products of customs tariff number 2710 obtained from crude oil from or originating in the Russian Federation imported into Bulgaria…
On 23 November 2022, the Federal Council adopted the substantive measures within the eighth EU sanctions package, revising the Ordinance on Measures connected with the Situation in Ukraine (the “Ordinance“) accordingly. The revised Ordinance entered into force on 23 November 2022 at 18:00 CEST. This follows the implementation of additional designated parties to Annex 8 of the Ordinance in accordance with the EU designations on 12 October 2022 and subsequently 1 November 2022, whereby one…
On 29 June 2022, the Swiss Federal Council imposed further sanctions against Russia, in line with its announcement from 10 June (see blogpost here). With this latest revision of the Ordinance on Measures connected with the Situation in Ukraine (the “Ordinance”), Switzerland has adopted the EU’s latest package of sanctions (see blogpost here). The new measures entered into force on 29 June 2022 at 18.00 CET. The list of designated individuals and entities targeted by…