Switzerland adopts most of EU’s 20th sanctions package against Russia, including crypto restrictions
Switzerland has adopted most of the EU's 20th sanctions package against Russia, which includes specific restrictions on crypto-asset service providers. This marks a significant shift in Switzerland's approach to neutrality, particularly since the onset of the Ukraine conflict. The sanctions aim to target financial mechanisms supporting Russia's military and economic activities.
- ▪The Swiss Federal Council announced the adoption of the EU's sanctions package on May 22, 2026.
- ▪The sanctions specifically target Russian crypto-asset service providers and decentralized finance platforms.
- ▪Switzerland's measures include a ban on support for the RUBx stablecoin and Russia's planned digital ruble.
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Switzerland adopts most of EU’s 20th sanctions package against Russia, including crypto restrictions The Swiss Federal Council is aligning with EU measures that specifically target Russian crypto-asset service providers, DeFi platforms, and the RUBx stablecoin. Share Add us on Google by Editorial Team May. 22, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Switzerland is tightening the screws on Russia’s crypto lifelines.
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