Australia imposed targeted financial sanctions and travel bans relating to Russia against designated persons and entities in June and September 2014. Expanded sanctions were announced in September 2014. Following a consultation period, the expanded regime has just taken effect. The expanded sanctions restrict: export to and import from Russia of arms and related materiel; export to Russia of specified items for use in petroleum exploration and production; export to Crimea and Sevastopol of specified…
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 activities; -…
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;…