Australia imposes extra sanctions on Russian state-owned enterprises

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SYDNEY: Australia imposed focused monetary sanctions on 14 Russian state-owned enterprises on Thursday (Apr 14), together with defence-related entities similar to truckmaker Kamaz, and delivery corporations SEVMASH and United Shipbuilding.

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Sanctions can even prolong to digital firm Ruselectronics, liable for the manufacturing of round 80 per cent of all Russian electronics parts, and Russian Railways over Moscow’s invasion of Ukraine, International Minister Marise Payne stated in a press release.

Russia has stated it launched a “particular navy operation” in Ukraine and has blamed Ukraine for civilian deaths and accused Kyiv of denigrating Russian armed forces.

Australia has now sanctioned about 600 people and entities, together with most of Russia’s banking sector and all organisations liable for the nation’s sovereign debt.

It has additionally provided defence gear and humanitarian provides to Ukraine, whereas banning exports of alumina and aluminium ores, together with bauxite, to Russia.

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