Australia expands sanctions against Russia

Australia has expanded sanctions against Russia. According to the press center of Australian Prime Minister, the expanded sanctions will include restrictions on arms exports, restrictions on the access of Russian state-owned banks to Australian capital markets, preventing the export of goods and services for use in Russia’s oil exploration or production, restrictions on Australian trade and investment in Crimea and targeted financial sanctions and travel bans on an additional 63 Russian and Ukrainian individuals and 21 entities.

Earlier, sanctions against Russia were announced by Australia in March 2014.

Around 1000 Russian troops allegedly operating in eastern Ukraine is named to be one of the reasons to impose sanctions.

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