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Switzerland Lifts Sanctions on Usmanov and Fridman Amid EU Compromise

Switzerland Lifts Sanctions on Usmanov and Fridman Amid EU Compromise

First seen 6 Nov 2026, 02:15 UTC • •
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ThreatCluster AI
ThreatCluster •November 6, 2026 at 02:16 UTC
  • •Switzerland removed sanctions on Usmanov and Fridman following an EU agreement.
  • •The EU extended sanctions against 3,000 Russian entities for three years.
  • •Switzerland imposed new restrictions on 254 individuals and organizations.

On November 4, 2026, Switzerland lifted sanctions on Russian billionaires Alisher Usmanov and Mikhail Fridman, following a European Union decision from September 22. This move is part of a broader political compromise that allowed the EU to extend sanctions against approximately 3,000 Russian individuals and entities for three more years. Alongside Usmanov and Fridman, sanctions were also lifted from Andrey Falaleev and Redbird Corporate Services Ltd., as well as three deceased individuals. Despite these removals, Switzerland aligned its measures with the EU's 21st sanctions package, imposing new restrictions on 254 individuals and organizations, including bans on transactions with 33 Russian banks and restrictions on 41 vessels linked to Russia's shadow fleet. The Swiss government emphasized its independent decision-making regarding sanctions, noting that it retains the ability to adjust measures as necessary. The changes took effect at 11 PM on November 4, 2026.

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Timeline

2026-09-22
EU lifts sanctions on Usmanov and Fridman
The EU's decision allowed for a political compromise, extending sanctions against other Russian entities.
Eutoday
2026-11-04
Switzerland lifts sanctions
Switzerland announced the removal of sanctions on Usmanov and Fridman, effective at 11 PM.
Eutoday
2026-11-05
New sanctions imposed by Switzerland
Switzerland aligned with the EU's 21st sanctions package, adding restrictions on 254 entities.
Theins.Press

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Common questions

What prompted the lifting of sanctions?
The lifting was part of a political compromise within the EU, linked to broader negotiations involving France and Azerbaijan.
What new restrictions were imposed by Switzerland?
Switzerland imposed bans on transactions with 33 Russian banks and restrictions on 254 individuals and entities.
How does Switzerland's decision affect its neutrality?
Swiss authorities maintain that aligning with EU sanctions does not compromise their neutrality policy.