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

On 13 March, additional 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.

• Type:

  • Entry and establishment (Other)
  • Treatment and operation (Investment related trade measures)

• Industry:

  • Manufacturing (Manufacture of computer, electronic and optical products, and electrical equipment)
  • Services (Financial and insurance activities)

• Sources:

  • Government portal, Russia sanctions regime IMPORT PROHIBITION – OIL AND OTHER ENERGY PRODUCTS, https://www.dfat.gov.au/international-relations/security/sanctions/sanctions-regimes/russia-sanctions-regime
  • Clydeco, Update: More Australian Sanctions against Russia, https://www.clydeco.com/en/insights/2022/03/more-australian-sanctions-against-russia, 28 Mar 2022