Australia has taken aim at Russian President Vladimir Putin “and his wealthy enablers” by banning the export of luxury goods to Russia, including wine, high value cosmetics, and parts for luxury vehicles. “These sanctions target President Putin and his wealthy enablers, not ordinary Russian consumers,” Australian Foreign Minister Marise Payne announced on April 4. Australia is moving in step with the European Union and the United States, which already have similar bans in effect, to “restrict the Russian elite’s access to such goods” and further isolate Russia from the global financial system. Japan and Britain are expected to follow suit. “Japan’s ban will enter into force today, and the United Kingdom’s ban is due to follow soon,” Payne said in a release. “The Australian Government is deeply committed to imposing the highest costs on Russia for President Putin’s illegal and unprovoked war,” she added. “This ban follows our targeted financial sanctions …
Australia to Target Putin’s ‘Wealthy Enablers’ With Ban on Luxury Goods Exports to Russia
April 4, 2022
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AustraliaBuchaBusiness & Economyeconomic policiesEuropeMarise PaynePutinRussiaRussia-Ukraine WarUkraineWorld
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