03 August 2022
Updated sanction report
The Federal Department of Economic Affairs, Education and Research E. March 2022 on measures related to the situation in Ukraine (RS 918.104.22.168).
On the 3rd In August 2022, the Federal Department of Economic Affairs, Education and Research EQ amended Annex 8 to the Regulation and published the adaptation on its website. The changes will take effect on the 3rd. August 2022 at 6 p.m.
In accordance with the provisions of the regulation, financial intermediaries are asked to implement the prohibitions, block the assets of the sanctioned persons and to report the business relationships concerned to SECO. The notification to SECO does not exempt a financial intermediary from providing additional clarifications in accordance with Art. 6 AMLA and if he cannot eliminate them, to report immediately to the reporting office for money laundering in accordance with Art. 9 of the Anti-Money Laundering Act.
Today, Swiss authorities added the following entity:
SSID: 175-56580 Name: Sberbank Spelling variant: Сбербанк (Russian)
Address: 19 Vavilova St., Moskau, 117997, Russian Federation
Justification: Sberbank is a major financial institution in Russia. The Russian Central Bank is the majority shareholder of Sberbank. The CEO of the bank was the Minister of Economics and Trade of Russia under President Putin from 2000 to 2007 and the bank’s Chairman of the Supervisory Board is the Russian Finance Minister. As the largest bank in Russia (accounting for about a quarter of the aggregate Russian banking assets and a third of the banking capital), largely owned by the Russian government, Sberbank furthermore generates high revenue for the Russian government. Sberbank is therefore an entity or body financially supporting and benefitting from the Government of the Russian federation, which is responsible for the annexation of Crimea and the destabilisation of Ukraine as well as a legal person, entity or body involved in economic sectors providing a substantial source of revenue to the Government of the Russian Federation, which is responsible for the annexation of Crimea and the destabilisation of Ukraine. Other information: a) Type of entity: Public Joint Stock Company b) Place of registration: 19 Vavilova St., 117997 Moscow, Russian Federation c) Date of registration: 22 Mar 1991 d) Registration number: 1027700132195 Modifications: Listed on 3 Aug 2022
to its “situation in Ukraine” sanctions, and amended the following existing entity listing:
SSID: 175-56377 Name: The Alexander Gorchakov Public Diplomacy Fund Spelling variant: Фонд общественной дипломатии Александра Горчакова
)(Russian) Address: 10/1 Yakovoapostolsky pereulok, Moskau, 105064, Russian Federation Justification: Fund was established in 2010 by the Russian President Dmitry Medvedev. The founder of the Fund was the Russian Ministry of Foreign Affairs and the Minister of Foreign Affairs is the head of the board of trustees. The Ministry funds the work of the
Gorchakov Fund, which in turn grants funding to think tanks and GONGOs. The Gorchakov Fund is designed to support Russian compatriots in the post-Soviet space in line with the Kremlin's ideological objectives. Projects organised by the Gorchakov Fund have been important elements of Russia’s foreign policy discourse. In 2015, the Government of Ukraine closed the Office of the Gorchakov Public Diplomacy Fund in Kyiv because of anti-state propaganda. Therefore, the Gorchakov Public Diplomacy Fund is responsible or actively supporting and benefitting from the Government of the Russian Federation, which is responsible for the annexation of Crimea and the destabilisation of Ukraine. Other information: a) Type of entity: Non-Governmental Organisation b) Place of registration: Moscow c) Date of registration: Feb, 2010 d) Registration number: 1107799026752 Modifications: Listed on 29 Jul 2022, amended on 3 Aug 2022
Note: I often struggle to find really minor edits – I bet you do, too, Dear Reader. So, what is the change here? At the very end of the spelling variant, there is a extraneous close parenthesis – the edit removes it.