The State Secretariat for Economic Affairs (SECO) said that the legal situation remained unchanged and simply advised Swiss companies doing business in Iran to monitor the situation, according to the Swiss News Agency.
Washington is due to re-impose sanctions against Tehran over its nuclear policy on Tuesday.
Three months ago, US President Donald Trump announced the US will withdraw from a 2015 multinational nuclear deal that offered Iran sanctions relief in exchange for ending its enrichment programme.
SECO said that the Swiss government will try to prevent negative consequences for Swiss business, but that possibilities to influence Washington’s sanctions policy were very limited.
Swissmem, the umbrella group of the electrical and mechanical engineering industry, said it expected no major impact as Swiss-Iran trade relations have been modest.
In 2017, Swiss exported goods and services worth CHF532 million ($534 million). Ten years before, exports amounted to about CHF800 million.
Washington has threatened to punish companies which try to ignore the sanctions against Iran.
Should raw milk sales be banned or should consumers decide?
Swiss food regulations do not allow raw milk to be sold for direct consumption. However, a loophole allows 400 raw milk vending machines to do just that.
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One million francs, 34 million euros and around 830 kilos of gold: this is the fortune that two Swiss nationals are accused of having moved across borders for at least four years.
Girls in female-dominated classes earn more later on
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At the age of 30, women from school classes with a 55% share of girls earn $350 more per year than women from classes with a 45% share of girls.
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Geneva-based luxury goods group Richemont reported a downturn in performance for the first half of its 2024/25 financial year. Both sales and profit declined.
COP29: Swiss NGOs call for strong financial support
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Ahead of COP29, Swiss NGOs call for wealthy nations to pay $1,000 billion a year to help other countries solve climate problems.
Real Swiss wages likely to rise in 2025, says UBS bank
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Higher wages and falling inflation are likely to boost Swiss purchasing power, which will be dragged back by rising health premiums.
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Switzerland has a new tectonic map at a scale of 1:500,000, containing updates to geometry, distribution and nomenclature of the tectonic units.
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Swiss artist Daniel Spoerri, known for his artworks using leftover food with dirty cutlery and crockery, has passed away in Vienna at the age of 94.
Climate change tipped to alter Swiss avalanche patterns by 2100
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Climate change is expected to result in fewer avalanches overall in Switzerland but to increase the danger of wet snow avalanches by 2100.
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Banque de Commerce et de Placements (BCP)External link announced on Tuesday that it was wrapping up its activity in Iran in response to the US pulling out of the Iranian nuclear accord earlier this month. + Swiss firms are wary of US sanctions + Swiss politicians are calling for resistance “We have suspended any new…
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Several Swiss newspapers on Sunday reported that Swiss firms in Iran have stopped making new business contracts two weeks ago. Sharif Nezam-Mafi, chairman of the Swiss-Iranian chamber of commerceExternal link, is quoted as saying several Swiss firms were about to close their subsidiaries in Iran. He apparently met representatives of major Swiss companies in Tehran…
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