Swiss Confederation,SECO: Ordinance on measures against the Islamic Republic of Iran

Ordinance on Measures against the Islamic Republic of Iran

Bern, November 6, 2024 – The Federal Council has adopted an ordinance to implement the sanctions decided by the UN Security Council against the Islamic Republic of Iran. The ordinance bans the import and export of certain goods, including arms and related material, as well as financial transactions. It also provides for the freezing of assets and travel restrictions against certain persons and entities.

The UN Security Council imposed sanctions on Iran in response to its nuclear program, which is suspected of having military aims. The sanctions are intended to put pressure on Iran to abandon its nuclear program.

The Swiss Confederation is implementing the sanctions in accordance with its international obligations. The ordinance prohibits the import and export of the following goods to and from Iran:

  • Arms and related material
  • Nuclear-related materials
  • Luxury goods
  • Goods that could be used for military purposes

The ordinance also prohibits financial transactions with certain persons and entities in Iran, including the Iranian government, the Central Bank of Iran, and Iranian banks. The assets of these persons and entities will be frozen.

In addition, travel restrictions have been imposed on certain Iranian officials and other persons who are suspected of being involved in the nuclear program or other activities that threaten international peace and security.

The ordinance will enter into force on November 15, 2024. The Federal Department of Economic Affairs, Education and Research (EAER) is responsible for implementing the ordinance.

The ordinance is expected to have a significant impact on economic relations between Switzerland and Iran. The Swiss economy is highly dependent on exports, and Iran is a major trading partner. The ordinance is likely to lead to a decrease in trade between the two countries.

The sanctions are also likely to have a humanitarian impact on the Iranian people. The ban on imports of food and medicine could lead to shortages of these essential goods.

The Swiss government has said that it is committed to ensuring that the sanctions do not have a disproportionate impact on the Iranian people. The government has provided humanitarian aid to Iran in the past, and it is likely to continue to do so in the future.

The sanctions are a complex and controversial issue. There is no easy solution to the Iranian nuclear issue, and the sanctions are just one part of a broader strategy to resolve the crisis.


SECO: Ordinance on measures against the Islamic Republic of Iran

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