Aktualisierte Sanktionsmeldung: Russland
Executive Summary
This FINMA publication announces Switzerland's adoption of the EU's 18th sanctions package against Russia, expanding the sanctions lists with new designations and restrictions via the Swiss State Secretariat for Economic Affairs (SECO/WBF). It matters because Swiss financial institutions must immediately screen and freeze assets of newly listed parties, aligning with heightened FINMA enforcement on Russia sanctions risks amid ongoing geopolitical tensions. Compliance teams face elevated legal, reputational, and secondary sanctions exposure from US/EU measures. #
What Changed
The core update involves Switzerland incorporating EU Council decisions from the 18th sanctions package, which typically include: - Additions to asset freeze lists targeting Russian individuals, entities, and sectors like energy, finance, and dual-use goods. - Expanded prohibitions on making funds or economic resources available to designated parties. - Alignment with EU sectoral restrictions on Russia's financial messaging services (e.g., SPFS), oil trade, and shadow fleet activities, now binding in Switzerland via ordinances updated by WBF/SECO. These mirror EU efforts to close evasion loopholes, such as third-country enablers and crypto circumvention. #
What You Need To Do
- Screen sanctions lists immediately
- Enhance customer due diligence (CDD)
- Report to FINMA/SECO
- Update policies
- Train staff
Key Dates
Compliance Impact
Urgency: High - This directly expands enforceable prohibitions, with FINMA's targeted on-site reviews and "very high" Russia sanctions risk rating amplifying enforcement (https://www.finma.ch/en/~/media/finma/dokumente/dokumentencenter/myfinma/finma-publikationen/risikomonitor/20251117-finma-risikomonitor-2025.pdf?sc_lang=en). Non-compliance risks fines, reputational damage, and secondary US sanct
Who is Affected
Summary
Das Departement für Wirtschaft, Bildung und Forschung (WBF) hat die Erweiterung der Sanktionslisten betreffend Russland publiziert. Die Schweiz hat damit diverse Änderungen übernommen, welche die EU im Rahmen ihres 18. Sanktionspakets beschlossen hatte.