Switzerland Implements New Russia and Belarus Sanctions

On 4 November, the Federal Council adopted measures from the European Union’s 21st sanctions package against Russia and Belarus. Updated sanctions-list changes took effect on 4 November, while sectoral measures came into force on 5 November, including tighter restrictions affecting certain cryptocurrency-sector activities. The changes increase the need for sanctions screening, transaction reviews and regulatory compliance. HPC can support compliance assessments, risk research and international regulatory advisory.