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Australia Increases Sanctions

Published: September 3, 2014 (Issue # 1827)



  • Australian Prime Minister Tony Abbott accused Russia of “brazenly” trying to break eastern Ukraine away from the rest of the country.
    Photo: Pm.gov.au

CANBERRA, Australia — Australia on Monday ratcheted up sanctions against Russia in line with the United States and European Union in response to Russian soldiers openly violating Ukraine’s sovereignty.

Prime Minister Tony Abbott accused Russia of “brazenly” trying to break eastern Ukraine away from the rest of the country.

“If Russian troops remain in Ukraine, if Russia persists in its attempt to break up a neighboring country that has done it no harm, it risks becoming an international pariah,” Abbott told Parliament.

The new sanctions expand upon financial sanctions and travel bans introduced by Australia in March.

The sanctions ban any new arms trade with Russia, prohibit Russian state-owned banks from accessing Australian capital markets, and ban trade in Russia’s oil and gas industry and in Crimea.

Targeted financial sanctions and travel bans now apply to an additional 63 Russian and Ukrainian individuals and 21 entities, raising the total numbers to 113 individuals and 32 entities.

Russia’s government last month banned most food imports from the West, including the U.S., European Union and Australia, as retaliation against sanctions related to the crisis in Ukraine.

Abbott said Monday that Russia has been engaged in a campaign to destabilize Ukraine for months. As a consequence, 38 Australian citizens and residents were “brutally murdered,” along with 260 other passengers and crew, on July 17 when Malaysia Airlines Flight 17 was shot down from “territory controlled by Russian-backed rebels with a Russian-supplied missile,” he said.





 


ALL ABOUT TOWN

Sunday, Nov. 23


Get in the holiday spirit at today’s Winter Bazzar at the Astoria Hotel. Featuring gifts from around the world such as French eclairs, Dutch cheeses and Indian jewelry, the annual event organized by the International Women’s Club will feature 18 international stands and raise money for charity through the sales of a diversity of products that further illustrate the city’s international connections.



Monday, Nov. 24


Dr. Axel Schulte, Department Head at Fraunhofer Institute for Material Flow and Logistics in Dortmund, Germany, is the featured speaker at the SPIBA Industrial Committee lecture on “The Fourth Industrial Revolution: Digitalization of the Supply Chain.” The event begins at 4 p.m. at the Graduate School of Management at 3 Volkohvsky Pereulok and registration is required by Nov. 21 either by emailing office@spiba.ru or calling 325 9091.



Tuesday, Nov. 25


Tag along with AmCham during their “Industrial St. Petersburg” Tour program today. This incarnation of the ongoing series will visit Philip Morris Izhora and include an Environmental Health and Safety Committee meeting.


Find out how to expand your business east during the “Business With China” forum beginning today and concluding tomorrow at the Lenexpo convention center. The largest Russian forum dedicated to business with the Asian giant, topics that will be discussed include logistics, customs clearance, trade financing and many more.



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