On 31 January 2024, the Federal Council implemented additional sanctions against Russia. According to the Federal Council’s press release the new Swiss sanctions are responding to Russia’s ongoing military aggression against Ukraine. By doing so, Switzerland joins the EU, which adopted its 12th package of sanctions in December 2023. The new measures entered into force on 1 February 2024. 147 natural persons and organisations were already added to the Swiss sanctions list on 21 December 2023.

On the same day, the Federal Department of Economic Affairs, Education and Research (EAER) updated the document “Interpretation guide for sanction measures“. The changes are evident in the correction mode. In addition, Annexes 2 and 8 of the Ordinance on Measures in Connection with the Situation in Ukraine were amended.