Australia extends sanctions to 14 Russian state owned entities

In a statement Australian Foreign Minister Marise Payn said, Canberra has imposed targeted financial sanctions on 14 Russian state-owned enterprises, including defence-related entities such as Kamaz, a truckmaker, and shipping companies SEVMASH and United Shipbuilding Corp.

It has also extended sanctions Russian electronic company Ruselectronics, responsible for the production of around 80% of all Russian electronics components; sanctions has also been levied on the Russian Railways.

With this, Australia has sanctioned around 600 individuals and entities, including most of Russia’s banking sector and all organisations responsible for the country’s sovereign debt.

Australian continues to supply defence equipment and humanitarian supplies to Ukraine, and has banned the exports of alumina and aluminium ores, including bauxite, to Russia.

Categories: Creativity, Economy & Finance, Entrepreneurship, Geopolitics, HR & Organization, Strategy

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