Australia announces new Russia sanctions and continues DPRK listings

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.
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