The New Zealand government imposed new sanctions against Russia and Belarus. They affected the economic sector.
What is known about New Zealand's new sanctions against Russia?
The introduced sanctions against Russia include:
introduction of maximum prices of the member countries of the "Group of Seven" (G7+) for oil of Russian origin;
establish a ban on the export of dual-purpose goods to Russia and Belarus through third countries;
several individuals and legal entities.
The country's government noted that the restrictions apply to 61 people and companies that continue to evade sanctions.
These designations include organisations that procure technology for the Russian defence industry, as well as senior management of some Russian banks. People involved in the purchase of weapons from North Korea were also sanctioned, the report says.
According to New Zealand's MFA chief, Winston Peters, these new restrictions are the country's contribution to the collective international effort to contain the Russian Federation.
They are aimed at reducing Russia's ability to finance its war of aggression against Ukraine and ensure New Zealand is not used as a conduit to evade sanctions, Peters said.
Strengthening of sanctions against Russia
On Feb. 23, the US imposed a large-scale package of sanctions against Russia for its military aggression in Ukraine. Hundreds of legal entities fell under the restrictions.
Together with the actions of the US State Department, this is the largest number of sanctions introduced since the full-scale invasion of Ukraine by Russia, the statement said.
The US has also imposed sanctions on those involved in supporting future sources of energy revenues in Russia, supporting the Russian Federation's ability to wage aggressive war, and facilitating sanctions evasion and circumvention.
Also, the European Union, as part of the 13th package of sanctions against Russia, imposed restrictions on several governors, "officials" in the occupied territories and North Korean representatives.
