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In an ongoing effort to respond to the Russian invasion of Ukraine, the Australian Government continues to broaden its sanction regime against Russia. Notably, the government has turned its focus on declaring a ban on the export of machinery and related parts to Russia and areas of Ukraine currently under Russian control as foreshadowed earlier … Read more
In recent months, Australia has moved to implement price caps on Russian crude oil and Russian Petroleum in order to maintain a reliable supply of resources to the global market while simultaneously reducing the revenue Russia earns and the ability of Russia to fund its war against Ukraine. Import sanctioned goods On 25 April 2022, … Read more
Australia has recently extended its sanctions regime to designate additional individuals and entities, and pledged to provide further military assistance for Ukraine. Further designations On 24 February 2023, the first anniversary of Russia’s invasion of Ukraine, the Australian Government announced additional sanctions in response to the ongoing Russian hostilities. [1] Foreign Minister Penny Wong reiterated … Read more
On 31 January 2023, Australia announced the second tranche of financial and travel sanctions under the Autonomous Sanctions Amendment (Magnitsky-style and Other Thematic Sanctions) Regulations 2021 (the Magnitsky-style Regulations), which were introduced on 21 December 2021. Read more
On 30 January 2023, the Department of Foreign Affairs and Trade (DFAT) announced the Australian Sanctions Office (ASO) will lead a comprehensive review of Australia’s legal framework for autonomous sanctions which includes the Autonomous Sanctions Act 2011 (the Act), Autonomous Sanctions Regulations 2011 (Cth) (Regulations) and 18 legislative instruments made pursuant to the Act and Regulations (together, Sanctions Framework). The review has been commissioned as parts of the Sanctions Framework are set to expire on 1 April 2024. Read more
We previously discussed the Ukraine-related sanctions measures in Australia on February 23, February 25, March 1, March 15, March 18, March 25 and 20 May. Since then, Australia has extended its sanctions to designate additional individuals and prohibit the import of gold. Read more
We previously discussed the Ukraine-related sanctions measures in Australia on February 23, February 25, March 1, March 15, March 18 and March 25. This update covers developments to Australia’s sanctions laws throughout April and May 2022 including: Read more
Updates from March 19, 2022 through April 12, 2022 Within a brief period, the international sanctions environment applicable to trade with Russia has been fundamentally transformed. We have published a number of recent updates regarding sanctions measures that have been proposed and enacted in several jurisdictions as a response to the crisis in Ukraine. These … Read more
Following the introduction of the Autonomous Sanctions Amendment (Magnitsky-style and Other Thematic Sanctions) Regulations 2021 (the Magnitsky-style Regulations) on 21 December 2021, Australia announced the ‘first tranche’ of financial and travel sanctions under the Magnitsky-style Regulations on 29 March 2022. Read more
