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Switzerland Extends Trade Restrictions, Bans Russian Gas Purchases

2/26/2026

Summary

Story summary

Key Information: Switzerland will extend trade restrictions on Ukraine and ban purchasing Russian gas.
Starting April 25, the ban will include liquefied natural gas, with contracts valid through end-2026.
The Swiss Federal Council aims to cut Russia's fossil-fuel revenue by aligning sanctions with the European Union and targeting financial sectors and cryptocurrency services.
The Federal Council seeks to formalize these emergency sanctions into law, currently under public consultation.

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Story summary

Key Information: Switzerland will extend trade restrictions on Ukraine and ban purchasing Russian gas.
Starting April 25, the ban will include liquefied natural gas, with contracts valid through end-2026.
The Swiss Federal Council aims to cut Russia's fossil-fuel revenue by aligning sanctions with the European Union and targeting financial sectors and cryptocurrency services.
The Federal Council seeks to formalize these emergency sanctions into law, currently under public consultation.