Published: 19.08.2026
Some Belarusian citizens holding Swiss permanent residence permits reportedly had their accounts at Yuh and Swissquote closed. The stated reason was strengthened requirements from the Swiss financial regulator, while the report links the situation to restrictions in the EU’s 19th sanctions package against Russia and Belarus.
According to the source, holding a Swiss permanent residence permit did not prevent some Belarusian clients from having accounts at Yuh and Swissquote closed. This indicates that banking access for some Belarusians in Switzerland may depend not only on immigration status but also on sanctions policy and financial institutions’ internal requirements. The development primarily affects Belarusian citizens with bank accounts and permanent residence in Switzerland. People planning relocation and relying on Swiss payment services should factor this risk into their banking choices and not treat permanent residence as an unconditional guarantee of service.