Liechtenstein expands Belarus sanctions to crypto and services

VADUZ, Sept. 22, 2026 — A ban on providing managed security services to Belarusian state bodies and entities acting on their behalf entered into force Monday under an amendment issued by Liechtenstein’s government on Sept. 22.

The broader amendment, most of which took effect upon publication, prohibits direct or indirect transactions involving the digital Belarusian ruble and dealings with Belarus-based crypto service providers or platforms enabling cryptoasset exchanges or transfers. It also bans services directly connected with tourism in Belarus and requires government authorization for other services supplied to the Belarusian state that are not expressly prohibited.

The measure strengthens restrictions on loans and credit, expands controls on goods that could support Belarusian industry or its defense and security sectors, and updates import and export schedules covering industrial machinery, metals, electronics, vehicles and other products. Transitional periods apply to certain contracts concluded before Sept. 22.

Liechtenstein also created a framework barring transactions with parties involved in pursuing certain sanctions-related claims in third countries, although the corresponding list currently contains no entries. The government adopted the changes under Liechtenstein’s international sanctions law, taking account of Swiss rules applicable through the customs treaty and an April 23 European Union decision.