Australia has introduced a fresh wave of sanctions on state-backed Russian institutions in response to Moscow’s ongoing assault on Ukraine.
The Commonwealth government has imposed new financial sanctions on 14 Russian state-owned enterprises of “strategic and economic importance” to the country.
The newly sanctioned firms include defence-related entities like transportation company Kamaz and naval firms SEVMASH and United Shipbuilding Corporation.
Electronic component company Ruselectronics – responsible for the production of around 80 per cent of all Russian electronics components – and global transportation giant Russian Railways have also been targeted.