On 16 October 2024, the Swiss Federal Council announced the adoption of further measures included in the EU’s 14th package of sanctions against Russia of 24 June 2024, which entered into force on 17 October 2024 (the official media release is available here). This marks the second, and for now last, round of measures adopted in alignment with the 14th EU package, with certain limited measures having already entered into force on 27 August 2024…
Baker McKenzie will be hosting an upcoming International Trade Sanctions Conference in Zurich on 15 October 2024. During this conference, our international trade team will discuss the latest developments in international trade measures, namely economic sanctions, covering key regions that impact international trade. We will examine the latest developments in US export controls and sanctions, delve into the regulatory landscape in China and the Asia Pacific and provide insights into the latest developments in EU,…
On 21 August 2024, the Swiss Federal Council announced the adoption of certain measures included in the European Commission’s 14th package of sanctions against Russia, which will enter into force on 27 August 2024 (the official media release is available here). The adoption of further measures of the 14th EU package is currently under consideration by the Swiss Federal Council. The newly adopted measures mainly consist in (i) an alignment with the EU diamond ban,…
On 16 May 2024, SECO published the updated version of its Auslegungshilfe Sanktionsmassnahmen (“interpretation guideline for sanctions measures”; “FAQs”), which includes additional guidance on the following five topics: (i) proof of the non-Russian origin of imported diamonds and diamond products in relation to the prohibition of Art. 14e of the Ordinance of 4 March 2022 on measures in connection with the situation in Ukraine (“Ordinance”); (ii) the mandatory format for fulfilling the reporting obligation for…