Categories: World

Australia announces new sanctions on Russian banks and oligarchs

<p>
<strong>Australia on Friday placed sanctions on 11 additional Russian banks and government entities, including the Russian National Wealth Fund and the Russian Ministry of Finance.<br />
</strong><br />
"With our recent inclusion of the Central Bank of Russia, Australia has now targeted all Russian Government entities responsible for issuing and managing Russia’s sovereign debt," said Australian Foreign Minister Marise Payne today.<br />
<br />
The additional banks together account for approximately 80 per cent of all banking assets in Russia, and include Sberbank, Gazprombank, VEB, VTB, Rosselkhozbank, Sovcombank, Novikombank, Alfa-Bank and Credit Bank of Moscow.<br />
<br />
Canberra also reiterated that it is continuing to increase sanctions pressure on the oligarchs close to Russian President Vladimir Putin.<br />
<br />
In addition to the 41 oligarchs and immediate family members who have already been targeted with financial sanctions and travel bans, Australia has now added two billionaires with links to business interests in Australia, Oleg Deripaska and Viktor Vekselberg.<br />
<br />
"The Australian government is deeply committed to imposing high costs on Russia. This includes by listing individuals of economic and strategic significance to Russia who have supported, and benefited from, the Putin regime," said Payne.<br />
<br />
The Australian government said it will continue with its "unwavering support" for Ukraine’s sovereignty and territorial integrity, and for the people of Ukraine.<br />
<br />
"We will continue to move with partners on coordinated sanctions, and to constrain funds for President Putin’s unlawful war," said the Australian Foreign Minister.</p>
<p>
<strong>Also Read: <a href="https://www.indianarrative.com/world-news/nsa-doval-and-indonesian-counterpart-hold-talks-in-major-step-to-forge-special-ties-157933.html">NSA Doval and Indonesian counterpart hold talks in major step to forge special ties</a></strong></p>

IN Bureau

Recent Posts

Piyush Goyal urges exporters to create platform to boost visibility of Indian traders

Union Commerce and Industry Minister Piyush Goyal has urged exporters to create a facility that…

35 minutes ago

Vikram Misri advocates for early convening of India-US Strategic Trade Dialogue

Foreign Secretary Vikram Misri met Under Secretary Jeffrey Kessler on Wednesday and discussed advancing India-US…

44 minutes ago

“India and Kuwait have a 250-year-old partnership” Kuwait Heritage Society’s president highlights exhibition ‘Rihla-e-Dosti’

An exhibition, titled 'Rihla-e-dosti' celebrating "over 250 years of friendship" between the regions of India…

54 minutes ago

India saved about $8 billion as coal import dependence declined in 2024-25: Govt

India's coal imports fell by 7.9 per cent, totalling 243.62 million tonnes (MT), compared to…

14 hours ago

88 illegal Bangladeshi migrants detained for illegal stay in southwest Delhi during verification drive

At least 88 illegal Bangladeshi migrants have been traced and detained by teams of South…

15 hours ago

Japan accuses China of unauthorised maritime research in EEZ near Okinotori Atoll

Japan has accused China of conducting maritime scientific research without prior notification within its exclusive…

16 hours ago