Ukraine: Switzerland to implement the EU’s ninth package of sanctions

In response to Russia’s ongoing military aggression against Ukraine, the EU adopted new measures against Russia on 16 December 2022 as part of a ninth package of sanctions. On 21 December 2022, the Federal Department of Economic Affairs, Education and Research (EAER) already made corresponding amendments to Swiss legislation within its competence and approved, among other things, the sanctioning of around 200 additional persons and organisations by Switzerland. On 25 January 2023, the Federal Council decided to enact further sanctions against Russia and adopted the latest measures introduced by EU. The measures came into force at 6 p.m. on 25 January 2023.

The new measures include bans on services in the areas of product testing, advertising, market research and opinion polling services as well as new restrictions on the export of various goods, including dual-use goods, goods for military and technological enhancement, the development of the defence and security sector or goods that might contribute to the enhancement of Russian industrial capacity. In addition, the export ban on goods for the aerospace industry will be extended to include engines for aircraft and drones. Likewise, new investments in the Russian mining sector will be banned.

These are the upcoming dates for our Annual General Meetings:

Thursday, 21 March 2024
Thursday, 20 March 2025