On 24 February 2023, the Australian Government announced that it had imposed further targeted financial sanctions and travel bans on 90 persons, and targeted financial sanctions on 40 entities. The new designations include Russian ministers with responsibilities spanning energy, natural resources, industry, education, labour, migration and health, being areas of economic and strategic significance to Russia or that threaten the territorial integrity or sovereignty of Ukraine, and include: Kalashnikov Concern, one of Russia’s largest arms…
The Department of Foreign Affairs (DFAT), led by the Australian Sanctions Office (ASO), is undertaking a review of Australia’s Autonomous Sanctions Framework (Review),[1] ahead of the expiry on 1 April 2024 of the Regulations. The Review will assess whether the Framework remains fit for purpose. The Review will be informed by responses to an Issues Paper and by consultations with key stakeholders. The closing date for submissions is 26 February 2023, with the Review to…
As separate measures, Australia has announced: a 35% additional tariff for products from Belarus and Russia; andnew luxury goods export sanctions for Russia. 35% additional tariff for goods from Russia or Belarus On 1 April 2022, the Notice of Intention to Propose Customs Tariff Alterations (No. 3) 2022 was published, outlining Australia’s intention to apply an additional 35% tariff on all imports from Russia, as well as Belarus. The tariff will be applied to “additional…
The first designated party listings under Australia’s Magnitsky-style thematic sanctions regime took effect on 30 March 2022. This sanctions regime came into operation in December 2021. The new designated party listings target Russian individuals who the Minister believes were responsible for the corruption exposed by Sergei Magnitsky and individuals involved in his subsequent abuse and death. The list published includes 39 Russian individuals who are now the subject of designated party sanctions and travel bans.…