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Ukraine: Switzerland extends sanctions listings

Swiss Government

Press release
Published on 12 August 2025

Berne, 12.08.2025 — On 12 August, the Federal Department of Economic Affairs, Education and Research (EAER), which oversees Switzerland's sanctions, extended sanctions lists relating to Russia. In doing so, Switzerland has adopted a series of amendments introduced by the EU as part of its 18th package of sanctions. These measures take effect on 12 August.

In response to Russia's ongoing war against Ukraine, the EU adopted further measures against Russia on 18 July as part of its 18th package of sanctions. Acting within its mandate, the EAER has incorporated various listings on Switzerland's behalf.

A further 14 individuals and 41 entities are now subject to an asset freeze and a ban on the provision of economic resources. The individuals are also banned from entering and transiting Switzerland. The newly sanctioned individuals and entities include Russian and international companies managing shadow fleet vessels, traders of Russian crude oil, and suppliers to Russia's military industrial complex, including those based in third countries.

In addition, 105 further vessels from third countries are now subject to comprehensive bans on purchase, sale and service provision. These are mainly tankers that form part of Russia's shadow fleet circumventing the price cap on Russian crude oil and oil products, or transporting military goods for Russia. The EAER has also lowered the price cap for Russian crude oil to USD 47.6 per barrel, aligning with EU measures and current global market prices.

In the trade sector, 26 new entities, including some in third countries, have been subjected to tighter export control restrictions, notably for circumventing export restrictions on unmanned aerial vehicles (UAVs).

With the exception of the amended price cap for Russian crude oil, which comes into force on 3 September, these measures take effect at 11pm on 12 August.

The EU's 18th sanctions package, adopted on 18 July, introduces a range of additional measures, particularly in goods trading, finance and energy. These measures are currently under review to enable the Federal Council to determine whether Switzerland should adopt the new sanctions.

Belarus and Moldova

Switzerland has also adopted additional listings introduced by the EU on 15 July concerning Moldova, and on 18 July concerning Belarus.

Under measures relating to Moldova, seven individuals and three entities are now subject to an asset freeze and a ban on the provision of economic resources. The individuals are also banned from entering and transiting Switzerland. These listings target individuals and entities involved in Russian-led efforts to influence Moldova's referendum on EU membership and the 2024 presidential election.

Under measures against Belarus, eight Belarusian arms industry companies are now subject to an asset freeze and a ban on the provision of economic resources.