On 19 August 2026, the Swiss Federal Council adopted extensive amendments to the Ordinance on Measures in Connection with the Situation in Ukraine (the “Ukraine Ordinance”; the following citations in each case refer to the Ukraine Ordinance), thereby completing the implementation of the EU’s 20th sanctions package against Russia (see press release here). This final step follows the initial implementation step taken on 22 May 2026, when the Swiss Federal Council updated several Annexes to…