New Zealand strengthens sanctions against Russia

Stuff and Times.co.nz reported the information.

Peters emphasized that Russia's illegal invasion has brought three years of destruction to the Ukrainian people, the environment, and infrastructure.

According to him, the additional sanctions from New Zealand will target 52 individuals and entities involved in Russia's military-industrial complex, energy sector, support for North Korea's military efforts, and the forced relocation or re-education of Ukrainian children.

Peters also announced an additional contribution of 3 million dollars to the Ukraine Relief, Recovery, Reconstruction and Reform Trust Fund, managed by the World Bank.

"The Fund supports the Government of Ukraine to maintain services, conduct relief efforts, and plan and implement recovery, reconstruction and reforms," the official noted.

According to the New Zealand Foreign Minister, in response to Russia's war against Ukraine, the country's government has already:

• Passed a sanctions law against Russia, which targets Vladimir Putin and key members of his inner circle, senior members of the Russian Security Council, all members of the State Duma and Federation Council, all ministers and governors, etc.;
• Banned all Russian and Belarusian government and military aircraft and ships from entering New Zealand's territory;
• Imposed a 35% tariff on all Russian imports to New Zealand;
• Banned the import of Russian oil, gas, coal, and more.

The sanctions law against Russia, which came into effect a month after the invasion in March 2022, means that New Zealand has imposed sanctions on over 1,800 individuals and entities, as well as a range of trade measures.

• Earlier, the media also reported that the United Kingdom would announce the "largest package" of sanctions against Russia on February 24.