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…
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…