On 19 May 2023, Australia announced further sanctions on Russia and a ban on the export of machinery and related parts (press release). The latest sanctions will target 21 entities and 3 individuals, including:
- subsidiaries of Russian state-owned atomic energy corporation Rosatom that are involved in nuclear research, infrastructure development and weapons manufacturing;
- the Russian entity created to take over Ukraine’s Zaporizhzhia Nuclear Power Plant;
- Russia’s largest petroleum company Rosneft;
- Russia’s largest gold company Polyus PJSC;
- one of Russia’s largest steel companies Severstal PJSC;
- defence entities supporting Russia’s war;
- five Russian banks; and
- following a short public consultation, the Australian Government will also implement a ban on the export of all machinery and related parts to Russia and areas temporarily under Russian control.
The Australian Ministry for Foreign Affairs has also amended the DPRK list:
- to continue the designation of 2 persons and 6 entities for targeted financial sanctions; and
- the 2 individuals are also subject to travel bans.