Adopts further sanctions against the Russian Federation and Belarus on trade and finance

On 13 April 2022, the Federal Council adopted further sanctions against the Russian Federation and Belarus in the areas of trade and finance, mirroring the EU sanctions. They include bans on the import of coal, wood, cement and other goods, as well as export bans on kerosene and other goods that could significantly contribute to strengthening the industrial capacity of the Russian Federation. Financial sanctions comprise a ban on the participation of Russian companies in public procurement and the prohibition to provide financial support for Russian public institutions. The amendments come into force on 13 April 2022.

• Type:

  • Entry and establishment (Ownership and control)
  • Treatment and operation (Investment related trade measures)

• Industry:

  • Not industry specific
  • Primary (Agriculture, forestry and fishing, Mining and quarrying)
  • Manufacturing (Manufacture of wood and paper products, Manufacture of coke and refined petroleum products)

• Sources:

  • www.admin.ch, Ukraine: Adoption of further EU sanctions against Russia and Belarus, https://www.admin.ch/gov/en/start/documentation/media-releases.msg-id-88028.html, 13 Apr 2022
  • www.fedlex.admin.ch, Ordonnance instituant des mesures en lien avec la situation en Ukraine, https://www.fedlex.admin.ch/eli/cc/2022/151/de, 13 Apr 2022