Summary
The Department of Economy, Education and Research (WBF) adjusted Annex 8 of the Ordinance on Measures Related to Ukraine on March 19, 2026. Seven natural persons were removed from the sanctions list. The changes take effect on March 20, 2026 at 11:00 p.m.
Persons
- No specific persons named
Topics
- Sanctions measures Ukraine
- Economic law and compliance
- Swiss federal administration
Clarus Lead
The Swiss government has clarified its sanctions ordinance on the Ukraine situation. The SECO (State Secretariat for Economic Affairs) removed seven persons from the sanctions list – an administrative adjustment with immediate consequences for affected individuals and compliance requirements of companies. The measure demonstrates the continuous review and adjustment of sanctions policy.
Detailed Summary
The Department of Economy, Education and Research carried out an update of the Ordinance on Measures Related to the Situation in Ukraine on March 19, 2026. Specifically, seven natural persons were removed from Annex 8 of the ordinance – a list that typically contains sanctions targets (persons subject to asset freezes or travel bans).
The removal of these persons means that these individuals are no longer subject to sanctions measures and can therefore conduct normal economic and financial transactions again. The measures take effect on March 20, 2026 at 11:00 p.m. and are thus precisely defined in time.
Key Statements
- Seven persons were removed from the sanctions list (Annex 8)
- The adjustment was made by the WBF on March 19, 2026
- Entry into force: March 20, 2026, 11:00 p.m.
- Regular review and adjustment of Ukraine sanctions continues to be demonstrated
Critical Questions
Evidence: On what basis were these seven persons removed from the sanctions list – was a formal review procedure conducted or is this based on new information?
Conflicts of interest: Who makes the decision on list removals, and are there transparency requirements towards affected persons or the public?
Causality: What criteria lead to the removal of sanctions – change in behavior of the persons, passage of time, or political reassessment of the situation?
Feasibility: How is it ensured that financial institutions and companies update the removal in their compliance systems in a timely manner to avoid inadvertent sanctions violations?
Source Directory
Primary source: SECO: Ordinance on Measures Related to the Situation in Ukraine – https://www.news.admin.ch/de/newnsb/Pq6pTaZeARsT0NRebyeyh
Verification status: ✓ March 20, 2026
This text was created with the support of an AI model. Editorial responsibility: clarus.news | Fact-checking: March 20, 2026