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Switzerland finishes adoption of 9th EU Russia sanctions package


26 January 2023 

International sanction 


Updated sanctions report

The Federal Council on the 25th. Further sanctions against Russia were put into force on January 1, 2023. He has amended the regulation on measures relating to the situation in Ukraine (RS 946.231.176.72).

As of 25. On January 1, 2023, the Federal Council will take over the remaining measures adopted by the European Union as part of the ninth sanctions package. These include service bans in the areas of product testing, advertising and market and opinion research and new controls and restrictions on the export of various goods, including dual-use goods, goods, military and technological strengthening or the development of the defense and security sector or goods that contribute to the strengthening of Russian industry. In addition, the export ban on goods for the aerospace industry will be extended to engines for aircraft and drones. New investments in the Russian mining sector are also prohibited.

The changes are on the 25th. January 2023 at 6 p.m.

In accordance with the provisions of the regulation, financial intermediaries are invited to implement the prohibitions, block the assets of the sanctioned persons and report the affected business relationships to SECO. The notification to SECO does not exempt a financial intermediary from making additional clarifications in accordance with Art. 6 AMLA in the event of suspicion 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.

FINMA Notice


FINMA Notice

Categories: EU Updates FINMA Updates Russia sanctions


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