As Morrison said during a press conference, the country, together with partners, will introduce economic sanctions against Moscow, and in addition, it will announce targeted sanctions against eight Russian citizens who will be banned from entering Australia and any financial transactions in Australian structures.
“The sanctions will also affect one state-owned bank in Russia and banks associated with the defense and military industries”, - the prime minister said.
Earlier it became known that a new package of sanctions against Moscow was introduced by Washington. US President Joe Biden said the restrictive measures would affect sovereign public debt and cut Russia off from Western funding. Also, according to Biden, sanctions are envisaged against VEB and the military bank.
Before that, the EU agreed on sanctions against Moscow. According to the head of European diplomacy, Josep Borrell, 351 deputies of the Russian State Duma and 27 more individuals and legal entities will be subject to sanctions, but Russian President Vladimir Putin is not on this list.
Also, the British authorities imposed economic sanctions on five Russian banks, as well as against entrepreneurs Gennady Timchenko, Boris and Igor Rotenberg close to the Russian president.
Japan announced today that it will introduce restrictions against Russia in connection with its recognition of the LDNR. As before the United States, Tokyo also banned imports from the DPR and LPR, as well as the export of goods there. In addition, the issuance of visas to representatives of these republics is prohibited.