Adopts additional sanctions on Russian State-owned enterprises

On 14 April 2022, the Australian Government imposed targeted financial sanctions on 14 Russian State-owned enterprises of strategic and economic importance. The list includes defence-related entities such as transportation company Kamaz, and shipping companies SEVMASH and United Shipbuilding Corporation. Sanctions extend to electronic component company Ruselectronics, which is responsible for the production of around 80 per cent of all Russian electronics components. They also target Russian Railways, which is one of the world’s largest transportation companies and one of the largest single contributors to Russia’s GDP.

• Type:

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

• Industry:

  • Manufacturing (Manufacture of computer, electronic and optical products, and electrical equipment, Manufacture of machinery and equipment n.e.c.)
  • Services (Transportation and storage)

• Sources:

  • Foreignminister.gov.au, Additional sanctions on Russian state-owned enterprises, https://www.foreignminister.gov.au/minister/marise-payne/media-release/additional-sanctions-russian-state-owned-enterprises#:~:text=The%20Australian%20Government%20has%20imposed,SEVMASH%20and%20United%20Shipbuilding%20Corporation., 14 Apr 2022