July 2022

The Swiss Federal Council continues aligning the Swiss sanctions regime to the EU sanctions against Russia. Switzerland has adopted the 6th package of EU sanctions on June 29, 2022. The new measures include the ban on the purchase, import, transit and transport to or within Switzerland of crude oil and petrol products of Russian origin. Restrictions were also extended to the provision of accounting, auditing, bookkeeping and tax consulting services to the companies established in Russia, with the exception of Russian subsidiaries of Swiss and EU companies.