Ukraine Sanctions Update: 7 Individuals Removed

FINMA Switzerland News

Published March 20th, 2026

Detected March 23rd, 2026

Summary

The Swiss Federal Department of Economic Affairs, Education and Research (WBF) has updated sanctions related to the situation in Ukraine. Seven individuals have been removed from Annex 8 of the relevant ordinance, with the changes taking effect on March 20, 2026.

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What changed

The Swiss Federal Department of Economic Affairs, Education and Research (WBF) has published an update to the ordinance concerning measures related to the situation in Ukraine (SR 946.231.176.72). Specifically, Annex 8 of the ordinance was amended on March 19, 2026, resulting in the removal of seven individuals from the sanctions list. The WBF has updated the Swiss sanctions database (SESAM) to reflect this change.

This update requires entities to review their compliance programs and ensure that individuals previously subject to sanctions are no longer erroneously targeted. Compliance officers should verify that their internal lists and transaction monitoring systems are updated to reflect the removal of these seven individuals. The changes became effective on March 20, 2026, at 23:00.

What to do next

Update internal sanctions lists to remove the 7 individuals.
Review transaction monitoring systems to ensure compliance with updated sanctions.
Verify compliance with the amended ordinance regarding Ukraine sanctions.

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News

23 March 2026 International sanction 2026

Aktualisierte Sanktionsmeldung: Ukraine

Das Eidgenössische Departement für Wirtschaft, Bildung und Forschung WBF hat Änderungen der Verordnung vom 4. März 2022 über Massnahmen im Zusammenhang mit der Situation in der Ukraine (SR 946.231.176.72) publiziert. Am 19. März 2026 hat das Eidgenössische Departement für Wirtschaft, Bildung und Forschung WBF den Anhang 8 der Verordnung geändert. Dabei wurden 7 natürliche Personen aus Anhang 8 gestrichen. Das WBF hat die für die Schweiz massgebliche Sanktionsdatenbank SESAM (SECO Sanctions Management) angepasst und die Anpassung auf seiner Internetseite dringlich veröffentlicht. Die Änderung tritt am 20. März 2026 23:00 Uhr in Kraft.