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 3rd of June 2022, the Council decided to impose a sixth package of economic and individual sanctions targeting both Russia and Belarus. Relevant legislation implementing the sixth package of sanctions can be found here. The new sanctions ban the import of Russian oil into the EU, they cut off more of the key Russian banks from the international payment system SWIFT, they sanction additional parties and they ban more disinformation actors actively contributing to…
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…
The UK announced on 21 April 2022 that it will introduce import bans on silver, wood products and other high-end products from Russia including caviar. The UK also announced that it will increase tariffs by 35 percentage points on certain products from Russia and Belarus. The products which will face the additional 35 percent tariff (on top of any tariffs that are currently applicable) range from arms and ammunition, pharmaceutical products, rubber, textiles to luxury…