Australia

Australia

Australia adopts further sanctions against the Russian Federation

24 Feb 2023

On 24 February 2023, the Australian Government announced hat it had imposed further targeted financial sanctions targeted financial sanctions on 40 entities, including several companies active in the defence sector. It also introduced targeted financial sanctions and travel bans on 90 individuals.

Nature of measure:
  • Treatment and operation
Type:
  • Treatment and operation (Capital transfer and FOREX, Operational conditions)
Industry:
  • Manufacturing (Manufacture of machinery and equipment n.e.c.)
  • Services (Financial and insurance activities, Public administration and defence; compulsory social security)
Inward FDI:
No
Outward FDI:
No
Sources: