I. Adoption of the sixth EU Sanctions Package On 10 June, the Swiss Federal Council decided to also adopt the new sanctions introduced by the EU in its sixth sanctions package against Russia on 3 June (see blogpost here). The Ordinance on Measures connected with the Situation in Ukraine (the “Ordinance”) will be revised accordingly. The new EU measures target the areas of trade, finance and media. In the area of trade, the measures include…
On 27 April, in line with its announcement from 13 April, the Swiss Federal Council imposed further sanctions against Russia and Belarus (see blogpost here). Through these latest revisions of both the Ordinance on Measures connected with the Situation in Ukraine (the “Ukraine Ordinance”) and the Ordinance on Measures against Belarus (the “Belarus Ordinance”), Switzerland has adopted the EU’s latest package of sanctions with a few exceptions (see blogpost here). The new measures entered into…
I. Adoption of fifth EU Sanctions Package On 13 April, in light of Russia’s ongoing military aggression against Ukraine, the Swiss Federal Council decided to fully adopt the new sanctions introduced by the EU in its fifth sanctions package against Russia on 8 April (see blog post here). The Ordinance on Measures connected with the Situation in Ukraine (the “Ordinance”) will now be revised accordingly. It will be published and enter into force some time…
On 25 March, in line with its previous announcement concerning further sanctions imposed against Russia (see blogpost here), the Swiss Federal Council implemented a revision of the Ordinance on Measures connected with the Situation in Ukraine (the “Ordinance”) which entered into force at 11 PM on the same day. The new measures have further aligned Swiss sanctions with those imposed by the EU, specifically reflecting the EU measures adopted on 9 and 15 March (see…