Switzerland adopted new measures against Russia. The Federal Council decided to ban the purchase and import of Russian liquefied natural gas.
Announcement of the Ban
The Federal Council announced the decision on February 25, 2026. They set the ban to start on April 25, 2026. Additionally, they allowed a transitional period until the end of 2026 for existing long-term contracts.
The measure targeted Russian liquefied natural gas. Switzerland thus aligned with the European Union’s 19th sanctions package against Russia.
Reasons for the Decision
Officials aimed to cut Russia’s revenue from fossil fuel sales. The Federal Council stated that these revenues significantly helped finance the war against Ukraine. Furthermore, the ban sought to reduce Moscow’s income streams. This move followed partial implementation of the sanctions on December 12, 2025.
Financial and Trade Restrictions
The Federal Council introduced bans in the financial sector. They prohibited crypto services to Russian citizens and companies. Moreover they banned transactions with certain rouble based cryptocurrencies.
In trade, they expanded the list of restricted goods. This included metals for weapons systems and products for fuel production.
Diplomatic and Service Measures
New rules required permits for non-prohibited services to the Russian government. Additionally, service bans extended to artificial intelligence and tourism sectors.
Russian diplomats accredited in the EU had to report entries or transits through Switzerland. These provisions took effect as of February 26, 2026.
Extension to Belarus
The Federal Council also adopted sanctions against Belarus. They included service bans, trade restrictions, and cryptocurrency measures. Belarus supported Russia’s actions in Ukraine.
Ongoing Sanctions Efforts
Switzerland maintained an asset freeze on 2,600 individuals and organizations. This list matched the EU’s. Meanwhile the EU’s planned 20th package failed due to Hungary’s block. The Federal Council reduced the price cap for Russian crude oil to 44.10 US dollars per barrel since February 1, 2026.
