Sanctions against Russia – Implementation of the EU 12th Sanctions Package

The Swiss Federal Council continues aligning the Swiss sanctions regime to the EU sanctions against Russia. On 31 January 2024, the Swiss Fed-eral Council adopted further measures against Russia, in line with the 12th sanctions package adopted by the European Union (EU). This follows a move on 21 December 2023 where the Federal Department of Economic Affairs, Education and Research (DEFR) added 147 individuals and enti-ties to the Swiss sanctions list. The latest measures impose additional commercial and financial… Read more