Switzerland updates sanctions regime against Myanmar

Bern – The Swiss Federal Department for Economic Affairs, Education and Research (WBF) published an amendment to Annex 1 of the ordinance dated 17 October 2018 that sets out measures against Myanmar. The amendment, released on 2 June 2026, updates the legal framework governing Swiss sanctions on the Southeast Asian nation.

The 2018 ordinance (SR 946.231.157.5) forms part of Switzerland’s broader foreign‑policy toolkit, allowing the government to impose economic restrictions, travel bans and asset freezes on individuals and entities linked to activities deemed contrary to Swiss foreign‑policy objectives.

While the specific changes to Annex 1 were not detailed in the announcement, such amendments typically adjust the list of designated persons, entities or sectors, or modify the scope of prohibited transactions. The update reflects Switzerland’s ongoing assessment of the political and human‑rights situation in Myanmar.

Swiss authorities regularly review sanctions regimes to ensure they remain effective and aligned with international obligations, including United Nations resolutions and European Union measures. The amendment underscores Switzerland’s commitment to a coordinated approach with its partners.

Companies and financial institutions with exposure to Myanmar are advised to review the revised annex to verify compliance with the updated restrictions. Failure to adhere to Swiss sanctions can result in administrative penalties or criminal prosecution.

The amendment is published on the Swiss Financial Market Authority’s website and becomes enforceable according to the ordinance’s provisions. Stakeholders can access the full text of the amendment through the official channel for further guidance.