Overview
- The Swiss Federal Council updated its sanctions list to mirror key elements of the EU’s 20th package by adding 115 individuals and entities subject to asset freezes, prohibitions on making funds available, and entry and transit bans.
- Bern added 46 vessels to target the so‑called shadow fleet and banned transactions linked to two Russian ports plus one third‑country port to curb maritime routes used to move petroleum products.
- Switzerland extended restrictions to 20 Russian banks and seven foreign financial intermediaries to disrupt payment and settlement channels that sustain Russia’s war economy.
- The government broadened measures to cover crypto‑asset service providers and related circumvention tools but deliberately left seven third‑country companies included by the EU off its list to limit supply‑chain and trade fallout.
- EU capitals continue to negotiate follow‑on steps including a small 'mini‑package' of around 10 people and several vessels, and the bloc is reported to be weighing temporary carve‑outs for a Chinese supplier because of auto industry supply‑chain concerns.