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.
Train vs plane: would you take a direct train between London and Geneva?
Eurostar is planning to run direct trains from Britain to Germany and Switzerland from the early 2030s. Would you favour the train over the plane? If not, why not?
Swiss canton coordinates donations for landslide destroyed village
This content was published on
The Swiss canton of Valais to form committee to coordinate CHF 57.4 million donations for village destroyed by a landslide.
Body of Blatten landslide victim found and identified
This content was published on
The body of 64-year-old man, who has been missing since part of the Brich glacier collapsed on the Swiss village of Blatten has been found.
Swiss watch industry calls for ‘clear solution’ with US
This content was published on
Federation of the Watch Industry calls for clear solution to tariff threat and a swift agreement between Bern and Washington.
Swiss youngsters illegally obtain alcohol in a quarter of test purchases
This content was published on
In a quarter of all alcohol test purchases last year, young people in Switzerland were able to obtain beer, wine or spirits illegally.
This content was published on
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…
This content was published on
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…
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.