Switzerland removes Alisher Usmanov from sanctions list
Published . Updated .
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Six weeks after the EU, Switzerland has also lifted its sanctions on Alisher Usmanov. A ruling by Germany's Federal Court of Justice, now made public, gives his lawsuit against the Council of the EU fresh momentum.
Directly affected
- No company is named in this report.
Indirectly affected
- EWL iShares MSCI Switzerland ETF
iShares MSCI Switzerland ETF holds stocks listed in Switzerland, which this story is about (“switzerland”).
- EWG iShares MSCI Germany ETF-3.5% 19d
iShares MSCI Germany ETF holds stocks listed in Germany, which this story is about (“germany”).
- NVS Novartis AG-0.1% 14d
Novartis AG (pharmaceutical preparations) is one of the largest Switzerland-based companies traded in the US, so news about Switzerland (“switzerland”) reaches its shares.
- CB Chubb+7.2% 30d
Chubb (fire, marine and casualty insurance) is one of the largest Switzerland-based companies traded in the US, so news about Switzerland (“switzerland”) reaches its shares.
- BG Bunge Global-18.0% 30d
Bunge Global (fats and oils) is one of the largest Switzerland-based companies traded in the US, so news about Switzerland (“switzerland”) reaches its shares.
- ONON On Holding AG+33.8% 30d
On Holding AG (rubber and plastics footwear) is one of the largest Switzerland-based companies traded in the US, so news about Switzerland (“switzerland”) reaches its shares.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| EWL | -3.64% | -2.31% | base | after close | after close | after close | after close |
| EWG | -2.48% | -3.14% | base | after close | after close | after close | after close |
| NVS | -2.40% | -2.15% | base | after close | after close | after close | after close |
| CB | -3.19% | -1.39% | base | after close | after close | after close | after close |
| BG | -1.12% | -2.88% | base | after close | after close | after close | after close |
| ONON | -15.04% | -7.94% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Switzerland removes Alisher Usmanov from sanctions list finews.com
Source: finews.com
The price since 5 Nov 2026: Ishares (EWL) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Bunge Global (BG) | three days earlier | -2.88% | final price |
| Bunge Global (BG) | five days earlier | -1.12% | final price |
| Chubb (CB) | three days earlier | -1.39% | final price |
| Chubb (CB) | five days earlier | -3.19% | final price |
| EWG | three days earlier | -3.14% | final price |
| EWG | five days earlier | -2.48% | final price |
| Ishares (EWL) | three days earlier | -2.31% | final price |
| Ishares (EWL) | five days earlier | -3.64% | final price |
| Novartis Ag (NVS) | three days earlier | -2.15% | final price |
| Novartis Ag (NVS) | five days earlier | -2.40% | final price |
| On Holding AG (ONON) | three days earlier | -7.94% | final price |
| On Holding AG (ONON) | five days earlier | -15.04% | final price |
Congressional trades in the stocks in this story
- Rep. Kevin Hern sold Novartis Ag (NVS), worth $15,001 - $50,000 on 27 Aug 2026. That is 70 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Maria Elvira Salazar sold Chubb (CB), worth $1,001 - $15,000 on 24 Sep 2026. That is 42 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chubb (CB) (jointly held), worth $1,001 - $15,000 on 23 Sep 2026. That is 43 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Chubb (CB) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 62 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Ishares (EWL)
Companies carried with this story
- EWL Ishares
Ishares (EWL) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “Switzerland removes Alisher Usmanov from sanctions list.” Reason on file: iShares MSCI Switzerland ETF holds stocks listed in Switzerland, which this story is about (“switzerland”)
- NVS Novartis Ag
Novartis Ag (NVS) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “Switzerland removes Alisher Usmanov from sanctions list.” Reason on file: Novartis AG (pharmaceutical preparations) is one of the largest Switzerland-based companies traded in the US, so news about Switzerland (“switzerland”) reaches its shares
- CB Chubb
For “Switzerland removes Alisher Usmanov from sanctions list,” Chubb (CB) is linked, with no stored direction, medium confidence. Reason on file: Chubb (fire, marine and casualty insurance) is one of the largest Switzerland-based companies traded in the US, so news about Switzerland (“switzerland”) reaches its shares
- BG Bunge Global
For “Switzerland removes Alisher Usmanov from sanctions list,” Bunge Global (BG) is linked, with no stored direction, medium confidence. Reason on file: Bunge Global (fats and oils) is one of the largest Switzerland-based companies traded in the US, so news about Switzerland (“switzerland”) reaches its shares
- ONON On Holding AG
On Holding AG (ONON) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “Switzerland removes Alisher Usmanov from sanctions list.” Reason on file: On Holding AG (rubber and plastics footwear) is one of the largest Switzerland-based companies traded in the US, so news about Switzerland (“switzerland”) reaches its shares
How “Switzerland removes Alisher Usmanov from sanctions list” reaches Ishares (EWL)
“Switzerland removes Alisher Usmanov from sanctions list” (5 Nov 2026) reaches Ishares (EWL) through this story.
Ishares (EWL) is on the page because iShares MSCI Switzerland ETF holds stocks listed in Switzerland, which this story is about (“switzerland”)
Novartis Ag (NVS) is here too. Its reason reads: Novartis AG (pharmaceutical preparations) is one of the largest Switzerland-based companies traded in the US, so news about Switzerland (“switzerland”) reaches its shares
Dates in the story, and the Ishares (EWL) price range
CB traded between 329.66 and 370.32 across 20 sessions. The latest close on file is 366.49. NVS traded between 139.43 and 147.02 across 11 sessions. The latest close on file is 140.78.
A simple score for Ishares (EWL)
40 out of 100
“Switzerland removes Alisher Usmanov from sanctions list” scores 40 out of 100. The score uses 1 sources, and 5 linked companies.