Global Trade Alert
Global Trade Alert

Australia: Government announces new sanctions against Russia in response to the crisis in the Ukraine

Announcement

23 Feb 2022

In February 2022, the government of Australia prohibited Australian individuals and companies carry out business operations with five banks, as well as, carrying out capital investments in VEB, the Russian Development Bank. 

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

23 Feb 2022

Revocation date:

No revocation date

Announced: 23 Feb 2022
Controls on commercial transactions and investment instruments In force
On 23 February 2022, the Goverment of Australia announced a prohibition to carrying out business operations with six Russian banks, resulting in the freeze of assets related to these financial institu...
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Related State Acts

Announced: 24 Feb 2025

Australia: Financial sanctions imposed on 70 Russian entities in the context of the Russian invasion of Ukraine (February 2025)

Announced: 24 Feb 2025

Australia: Financial sanctions imposed on Zservers in the context of the Russian invasion of Ukraine (February 2025)

Announced: 23 Feb 2024

Australia: Financial sanctions imposed on 37 entities in the context of the Russian invasion of Ukraine

Announced: 20 Mar 2023

Australia: Financial sanctions imposed on an Iranian entity in the context of the Russian invasion of Ukraine (March 2023)

Announced: 01 Feb 2023

Australia: Financial sanctions imposed on certain entities from Iran and Myanmar (February 2023)

Announced: 10 Dec 2022

Australia: Financial sanctions imposed on an Iranian entity in the context of the Russian invasion of Ukraine (December 2022)

Announced: 18 May 2022

Australia: Financial sanctions imposed on 15 Russian entities in the context of the Russian invasion of Ukraine (May 2022)

Announced: 14 Apr 2022

Australia: Government sanctions 14 Russian companies as a result of conflict in Ukraine

Announced: 04 Apr 2022

Australia: Government bans export of various items to Russia due to conflict in Ukraine

Removed: 01 Oct 2025

Australia: Government removes Most-Favoured-Nation tariff treatment on Russia and Belarus and implements import tariff increases

Announced: 19 Mar 2022

Australia: Government bans exports on aluminium to Russia

Announced: 18 Mar 2022

Australia: Government implements 11 additional sanctions on Russian banks and entities

Announced: 11 Mar 2022

Australia: Government bans imports of Russian oil and other energy products

Announced: 03 Mar 2022

Australia: Government includes the Central Bank of the Russian Federation and other financial institutions into the sanctions list

Announced: 26 Feb 2022

Australia: Inclusion of six Belarusian entities on the sanctions list

Announced: 24 Feb 2022

Australia: Government expands the list of financial institutions targeted by sanctions imposed in response to the crisis in Ukraine

Announced: 24 Feb 2022

Australia: Inclusion of four Russian military companies on the financial sanctions list

Announced: 24 Feb 2022

Australia: Inclusion of four Russian and Ukrainian banks on to the financial sanctions list

Announced: 24 Feb 2022

Australia: Government introduces sanctions against the separatist regions of Donetsk and Luhansk

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