Die Regulierung der schweizerischen Finanzmärkte - Eine wirtschaftsrechtliche Untersuchung zum Verhältnis von hoheitlicher Regulierung und Selbstregulierung

Published: 10 October 1992
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Insights

Insights 05.02.2024

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

Swiss sanctions against Russia – Implementation of the EU 12th Sanctions…

The Swiss Federal Council continues aligning the Swiss sanctions regime to the EU sanctions against Russia. On 31 January 2024, the Swiss Federal 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 entities to the Swiss sanctions list. The latest measures impose additional commercial and financial sector restrictions, including a ban on the importation of diamonds, pig iron, and liquefied petroleum gas (LPG). In the financial sector, these sanctions extend to prohibiting Russian nationals and residents from holding controlling stakes in Swiss companies that provide crypto-asset services, alongside stringent enforcement of the oil price cap on Russian crude oil and petroleum products to curtail Russia's oil revenue.

Insights 15.01.2024

Swiss sanctions against Russia – Approaching deadlines for renewing declarations of assets and transactions reporting

Swiss sanctions against Russia – Approaching deadlines for renewing…

The SECO has updated its "frequently asked questions" (FAQ) document, notably revising its section 1.5, which addresses reporting requirements for frozen assets under Article 16 of the Ordinance on measures in connection with the situation in Ukraine ("UKRO").

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