The Australian Government has released for comment the draft regulations and specification instrument to implement expanded sanctions relating to Russia and Ukraine (announced 1 September 2014). Submissions on the draft instruments are invited by 9 December 2014. Details of the draft instruments can be found here: http://dfat.gov.au/sanctions/public-consultation-sanctions-relating-russia-crimea-sevastopol.html Businesses need to understand the details of the proposed instruments and their practical application. Particular issues include: – working through the lists of sanctioned subject-matter and…
On 1 September the Australian Government announced additional autonomous sanctions relating to Russia. The new sanctions expand the list of designated persons and entities subject to targeted financial and travel sanctions. Commencing 2 September, a total of 113 Russian and Ukraine individuals and 32 entities became subject to Australia’s targeted financial and travel sanctions. In addition, as part of the expanded Russian sanctions the Autonomous Sanctions Regulations 2011 will be amended to: restrict arms exports;…
We recently reported that, on 19 June 2014, Australian financial sanctions in relation to the crisis in the Ukraine came into effect. The list, which can be viewed here, includes 50 individuals and 11 entities. For more information on these financial sanctions, please see our recent client alert here.
In March and May 2014, the Australian Government announced it would impose targeted financial sanctions and travel bans against particular individuals and entities in Russia and Ukraine. A link to our previous blog post on this is here. On 19 June 2014 the list of designated persons and entities was updated to include a Ukraine List. Some 50 individuals and 11 entities have been named in the Ukraine List, which can be viewed here. As…