Australia imposes sanctions against 11 Russian banks and government institutions

Since March 18, the Australian authorities have imposed sanctions against 11 more Russian banks and government institutions, including against the National Welfare Fund and the Ministry of Finance. The reason for the imposition of sanctions, as emphasized in the statement of the Australian Foreign Ministry, is the military aggression of the Russian Federation against Ukraine.

The Australian sanctions list includes: the National Welfare Fund of Russia and the Ministry of Finance of the Russian Federation, Sberbank, Gazprombank, VEB, VTB, Rosselkhozbank, Sovcombank, Novikombank, Alfa-Bank, Credit Bank of Moscow.

Thus, Australia’s sanctions now affect all Russian state structures responsible for issuing or managing sovereign debt, said Australian Foreign Minister Maris Payne.

By Editor

Leave a Reply