The Swiss Federal Council has decided to tighten the sanctions regime in line with the EU’s nineteenth package of sanctions against Russia, including a ban on the purchase and import of Russian liquefied natural gas.
According to the government, from 25 April a full ban on importing Russian LNG will take effect in Switzerland. For existing long-term contracts, a transitional period until the end of 2026 is provided, after which the import of this resource will be prohibited.
From 25 April, Switzerland will introduce a full ban on the purchase and import of Russian liquefied natural gas (LNG). For existing long-term supply contracts, the transitional period will last until the end of 2026. This measure is aimed at reducing Russia’s revenues from the sale of fossil fuels, which are a primary source of financing the war against Ukraine
– press service
In addition, Switzerland restricts the provision of cryptocurrency services to Russian citizens and companies – including exchanges, wallets, and other services. A ban has been introduced on operations with assets backed by the ruble, including stablecoins, and restrictions on the use of certain messaging services for payment operations have been extended.
In the trade sector, the list of goods supporting Russia’s military and technological capabilities has been expanded: it now includes metal products used in the manufacture of weapons, and resources needed for fuel production. A ban has also been introduced on the purchase and import of other items important for Russia, in particular acyclic hydrocarbons, which are a significant source of Russia’s income.
Moreover, Switzerland has expanded the scope of the ban on services: under the restrictions fall certain services in the fields of advanced technologies and artificial intelligence, as well as services directly related to tourism. Other services for the Russian government require a special permit.
Also, the Federal Council, like the EU, introduced an obligation for Russian diplomatic personnel accredited in the EU to notify in advance about transit through Switzerland or entry into the country.
Context and consequences of the sanctions
Together with the EU’s 19th package of sanctions, approved on October 23, 2025, the EU expanded measures against Belarus for its involvement in Russia’s war against Ukraine. Switzerland fully implemented these provisions, including continuing to ban services, tightening trade restrictions, and measures concerning cryptocurrencies. The entry into force is planned for February 26, 2026.
Head of the President’s Office Ihor Zhivkva stated that the EU is working on a mechanism to unblock the 20th sanctions package against Russia, blocked by Hungary.
According to experts, the 19th EU sanctions package covers extensive lists and restrictions in key sectors – energy, finance, and the military-industrial complex.
Switzerland’s conditions and actions demonstrate the country’s consistency in responding to the challenges of sanctions policy and its efforts to reduce funding for Russia’s aggression.