On 12 February, the Federal Council decided to adopt the measures of the 15th EU sanctions package against Russia, as reported on the Swiss government's website.
"At its meeting on 12 February, the Federal Council decided to adopt further measures of the EU's 15th sanctions package against Russia. It is now prohibited to recognise and enforce certain Russian court rulings in which Russian courts claim exclusive jurisdiction over disputes between Russian and Swiss companies. This ban is intended to protect the rights of Swiss companies and shield them from unjustified financial damage," the statement said.
The amendments also include an extension of various exception provisions allowing Swiss companies to withdraw investments from Russia in an orderly manner.
These measures will come into effect on February 13.
The EU adopted the fifteenth sanctions package against Russia on December 16 in response to its armed aggression against Ukraine.
On December 23, Switzerland decided to join the EU's fifteenth sanctions package against Russia and restrictive measures against Belarus. At that time, 54 individuals and 30 legal entities were sanctioned.
