Politics · Switzerland · 8 hrs ago
Switzerland expands Russia sanctions, adding 254 people and organisations
Switzerland added 254 people, companies and organisations to its sanctions list over Russia.
The measures freeze their assets and block economic resources, while listed individuals are barred from entering or transiting through Switzerland.
Export controls were tightened on 41 companies, and transaction bans now cover Russian banks, financial organisations, airports and ports.
Restrictions also target 41 ships linked to Russia’s so-called shadow fleet, including bans on buying, selling or providing services to them.
The new trade limits focus especially on aerospace and drone-related goods, while Russian citizens and residents in Russia are barred from buying stakes in Swiss cryptocurrency companies.
The measures extend Switzerland’s sanctions against Russia, but the two accounts differ on whether they correspond to the EU’s 21st or 22nd package and on which Russian individuals were removed or not added to the Swiss list.
Switzerland added 254 people, companies and organisations to its Russia-related sanctions list, according to reports published on November 4, 2026.
Those listed face asset freezes and a ban on making economic resources available to them, while individuals also face entry and transit bans.
The measures include stricter export controls on 41 companies and restrictions on transactions involving banks, financial institutions, airports, ports and ships.
Switzerland also expanded export restrictions, introduced measures affecting Russian citizens’ investments in Swiss cryptocurrency companies and added an LNG tanker notification requirement.
One report says the measures adopt an EU sanctions package; it identifies the package as the 21st, while the other report does not give a package number.
- Who
- Switzerland’s Federal Council adopted the measures; 254 people, companies and organisations were added to the list.
- What
- Switzerland expanded sanctions against Russia, including asset freezes, travel bans and trade and financial restrictions.
- When
- The Federal Council decided on the measures on Wednesday, November 4, 2026, according to the reports.
- Where
- Switzerland; the restrictions also cover entities, ships and ports in other countries.
- Why
- The measures respond to Russia’s military attack on Ukraine, which began in February 2022 and was still ongoing, according to cash.ch.
This story does not have two clearly opposing sides.
The EU adopted the sanctions measures that Switzerland later took over, according to cash.ch.
Switzerland’s Federal Council decided to adopt the measures, adding 254 people, companies and organisations to its sanctions list.
- Newly listed
- 254 people, companies and organisations
- Export controls
- Stricter measures for 41 companies
- Banks and financial institutions
- 33 Russian banks and 17 financial institutions subject to transaction restrictions
- Ships
- 41 vessels linked to Russia’s so-called shadow fleet face purchase, sale and service bans
- Ports and airports
- Four Russian airports and two Russian ports subject to transaction restrictions
- Energy measure
- Authorities must be notified about sales or transfers to third countries of LNG tankers