The Swiss State Secretariat for Economic Affairs (SECO) has updated its sanctions list related to the situation in Ukraine. Specifically, Annex 8 of the relevant ordinance has been amended, modifying the entries for 88 individuals and 92 organizations. These updated measures are binding and come into force on February 24, 2026, at 11 pm.

Regulated entities, particularly those involved in international trade and finance, must review these modifications to ensure compliance with the updated sanctions list. Failure to adhere to these measures could result in penalties. While no specific compliance deadline is mentioned beyond the effective date, immediate review and implementation of necessary controls are advised.