New Zealand expands sanctions on 61 more Russian individuals, entities

The sanctions target those procuring weapons and technologies for Russia's defense industry, including people involved in the purchase of weapons from North Korea.

Feb 29, 2024 - 16:10

New Zealand expands sanctions on 61 more Russian individuals, entities

New Zealand imposed new sanctions against Russia, the New Zealand Government reported on 29 February.

Since Russia’s full-scale invasion, New Zealand has become a Ukrainian partner, assisting in the military sector, funding humanitarian aid, and imposing sanctions against entities supporting Russia. Since passing the Russia Sanctions Act in March 2022, New Zealand has imposed sanctions on over 1,600 individuals and entities and a range of trade measures.

In the recently announced new package, some 61 Russian individuals and entities, including those involved in sanctions evasion procurement networks, came under new sanctions, the statement on the country’s government website said.

“These designations include organizations that procure technologies for the Russian defense industry, as well as senior management of some Russian banks,” said the statement.

People involved in the purchase of weapons from North Korea have also reportedly been sanctioned.

According to New Zealand Foreign Minister Winston Peters, these new restrictions are the country’s contribution to collective international efforts to restrain Russia.

“The sanctions underscore New Zealand’s steadfast condemnation of Russia’s unprovoked and unjustifiable war against Ukraine, as we reach the two-year point since the February 2022 full-scale invasion,” Peters said.

The European Union adopted the 13th sanctions package against Russia on 23 February.

Later on the same day, US President Joe Biden announced more than 500 new sanctions against Russia for its war of aggression in Ukraine and the death of Alexei Navalny.

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