Australia Sanctions 14 Russian Enterprises
Canberra, April 14: Australian Foreign Affairs Minister Marise Payne said on Thursday that the country has sanctioned 14 Russian state-owned enterprises of strategic and economic importance to Russia.
The Australian Government has imposed targeted financial sanctions on 14 Russian state-owned enterprises of strategic and economic importance to Russia, Payne said in a statement.
“Today’s listings include defence-related entities such as transportation company Kamaz, and shipping companies SEVMASH and United Shipbuilding Corporation,” the statement said.
The sanctions also include Russian Railway, that is one of the world’s largest transportation companies and one of the largest single contributors to Russia’s Gross Domestic Product.
“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,” it read.
Australia said that they are increasing the pressure on Russia and undercutting their ability to continue funding Russian President Vladimir Putin’s war.
The statement added that Australia reiterated the unwavering support for Ukraine’s sovereignty and territorial integrity, and Ukrainians. It also called upon Russia to withdraw its forces immediately from Ukraine. The ongoing conflict between the two nation started on February 24 when Russia launched a full-scale invasion on Ukraine.
