March 2022

On March 4, the Swiss Federal Council adopted a complete overhaul of the Federal Ordinance on measures in connection with the situation in Ukraine, to align the Swiss regime to the EU sanctions against Russia. This extensive revision follows the Federal Council's February 28, 2022 decision to match the EU sanction packages under Swiss law; a decision that had already resulted in a partial expedited revision of the Ordinance (covered in our March 4 Newsflash). The new, fully restated, Ordinance entered into force on March 4, 2022 at 18h00.