VATupdate

Further trade and financial sanctions imposed against Russia

On 4 March, the Federal Council approved the total revision of the Ordinance on Measures connected with the Situation in Ukraine, thereby adopting further packages of European Union sanctions against Russia. The newly adopted measures concern in particular certain goods and financial services. Switzerland’s list of sanctions has been extended accordingly. The implementation of these sanctions is compatible with Switzerland’s neutrality. Due consideration is being given to humanitarian activities.

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