Australia

Australia

Imposes targeted financial sanctions and travel bans on CEOs of investment conglomerates and others

13 Mar 2022

On 13 March, more targeted financial sanctions and travel bans were imposed by the Australian Government on 33 persons including Russian oligarchs, political and economic elites (such as CEOs of large corporations including Gazprom), current and former members of the Russian Government and their immediate family members.  The Government based the listing on the individuals’ involvement in state owned entities such as banks, natural resources and transport businesses and investment conglomerates who support the Russian Government’s strategic initiatives.