Home Business NewsBusinessBanking News Australia targets all ‘Russian government entities responsible for issuing and managing Russia’s sovereign debt’

Australia targets all ‘Russian government entities responsible for issuing and managing Russia’s sovereign debt’

by LLB Finance Reporter
18th Mar 22 2:23 pm

The Australian government have imposed sanctions against a further 11 Russian banks and state entities managing Russia’s sovereign debt, the Australian Foreign Ministry said.

The updated sanctions list includes the Russian National Wealth Fund and the Russian Finance Ministry, the ministry said in a statement.

The sanctions affect Sberbank, Gazprombank, VEB, VTB, Rosselkhozbank, Sovcombank, Novikombank, Alfa-Bank and Credit Bank of Moscow.

Australia have expanded their list of individuals who to be given financial sanctions and travel bans, which also comprises of Oleg Deripaska and Viktor Vekselberg.

“Australia has now targeted all Russian Government entities responsible for issuing and managing Russia’s sovereign debt,” the press release said.

“The Australian Government reiterates our unwavering support for Ukraine’s sovereignty and territorial integrity, and for the people of Ukraine,” the Australian Foreign Ministry said.

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