On 6 November 2024, the Swiss Federal Council announced the implementation of new, albeit limited, sanctions against the Islamic Republic of Iran, which entered into force on 7 November 2024. This update to the Ordinance on Measures against the Islamic Republic of Iran (“Iran Ordinance”) primarily targets goods and technology related to unmanned aircrafts, along with an expansion of the list of designated parties involved in this sector. Reorganization and extension of restrictions on goods…
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