On 3 May 2022, the Department of Economics, Education and Research (Departement für Wirtschaft, Bildung und Forschung = WBF) adjusted the list of persons in Annex 8 of the ordinance on measures related to the ongoing conflict between Russia and the Ukraine. As a result, two natural persons were added to Annex 8. The measures came into force on 4 May 2022 at 6p.m.
More details, visit https://www.seco.admin.ch.
When should you start thinking about export controls and sanctions?
What are the goals of export control and sanctions management?
Basically, all types of economic operators are affected, especially in international trade. Whether a permit is required depends in particular on the following four questions:
Where do you deliver to?
Who is involved in the transaction?
Why are you delivering your items?
What items are you supplying?
Economic operators should continuously check what effects the existing sanctions have on their business relationships, as misconduct will be punished with severe sanctions.
In this context, we support you with the strategic definition of the derived requirements and the operational implementation.
This newsletter reflects the status as of May 09, 2022. We would like to point out that the political situation is extremely dynamic and there may be short-term changes in the law.
As part of this newsletter, we will keep you informed of all further developments.