Swiss sanctions against Russia – Further alignment with the EU – Implementation of the 20th Sanctions Package
Swiss sanctions against Russia – Further alignment with the EU –…
<p>In a continued effort to align with European Union (“<strong>EU</strong>”) sanctions, on 19 August 2026, the Swiss Federal Council adopted additional measures transposing core elements of the EU’s 20<sup>th</sup> sanctions package (adopted at EU level on 23 April 2026). The Swiss amendments entered into force on <strong>20 August 2026</strong>, with certain measures phased in later in September 2026 and January 2027.</p>
<p>The revision notably (i) removes, as from 1 September 2026, the sanctions-based restrictions on the sale, delivery and exportation of military equipment goods – as well as the associated financial services and brokerage restrictions – to Ukraine, (ii) introduces new prohibitions on services linked to LNG carriers, icebreakers and Russian LNG terminals, (iii) activates for the first time the “<strong>anti-circumvention tool</strong>” targeting exports of sensitive goods to Kyrgyzstan, (iv) expands prohibitions on transactions with Russian crypto-asset service providers and platforms, and (v) introduces new measures to protect Swiss companies against IP infringements and abusive Russian court decisions.</p>