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Aktualisierte Sanktionsmeldung: Russland

AI Analysis

Executive Summary

On January 29, 2026, Switzerland's State Secretariat for Economic Affairs (SECO) reduced the price cap on Russian crude oil from USD 47.6 to USD 44.1 per barrel, effective February 1, 2026. This adjustment tightens existing sanctions enforcement and requires Swiss financial intermediaries to immediately implement updated compliance controls and reporting obligations under the Ukraine Sanctions Ordinance (SR 946.231.176.72).

What Changed

The primary regulatory change is a downward adjustment of the Russian crude oil price cap: - Previous cap: USD 47.6 per barrel - New cap: USD 44.1 per barrel - Effective date: February 1, 2026 This modification targets Russia's shadow fleet and circumvention mechanisms. As context, Switzerland previously expanded its sanctions framework on December 12, 2025, subjecting 116 vessels—primarily tankers in Russia's shadow fleet—to purchase, sale, and service prohibitions specifically to prevent evasion of oil price caps through risky transportation practices.

What You Need To Do

  • *Implement price cap enforcement
  • *Asset freezing
  • *Reporting obligations
  • *Enhanced due diligence
  • *Suspicious activity reporting
  • *Sanctions screening updates

Key Dates

January 29, 2026 – SECO publishes amended Annex 28 of the Sanctions Ordinance
February 1, 2026 – New oil price cap (USD 44.1) becomes effective and binding
Immediate – Financial intermediaries must implement updated prohibitions and screening procedures DEADLINE

Compliance Impact

Urgency: CRITICAL

Who is Affected

*Primary obligations fall on:Financial intermediariesEntities engaged in Russian crude oil tradeFirms with exposure to sanctioned Russian entities*Secondary impact on:International trading companies with Swiss counterpartiesLogistics and shipping providers facilitating energy transactionsCompliance and legal departments managing sanctions screening

Summary

Das Eidgenössische Departement für Wirtschaft, Bildung und Forschung WBF hat Änderungen der Verordnung vom 4. März 2022 über Massnahmen im Zusammenhang mit der Situation in der Ukraine (SR 946.231.176.72) publiziert.

Relevant Firm Types

BankPayment ProviderAll Firms
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