On 21 August 2024, the Swiss Federal Council decided to adopt further measures from the EU’s 14th package of restrictive measures against Russia. On 9 July 2024, Switzerland imposed sanctions on 69 individuals and 89 entities (see previous blog here).
Switzerland’s measures include clarification of the bans on Russian diamonds. It also decided to extend the deadlines for granting exemption permits to allow Swiss companies withdraw their investments from Russia and terminate their business activities there.
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