New Zealand (NZ) has announced it would be applying a 35 percent tariff to all imports from Russia, including oil, fertiliser, and vodka, the most significant economic response to the Russian invasion to date. “The images and reports emerging of atrocities committed against civilians in Bucha and other regions of Ukraine is abhorrent and reprehensible, and New Zealand continues to respond to Putin’s mindless acts of aggression,” Foreign Minister Nanaia Mahuta said. NZ will also ban the export of industrial products such as ICT equipment and engines to send a clear message that it will not fund or support Russia. Trade Minister Damien O’Connor said the newly announced tariffs will work in conjunction with the international community to pressure President Vladimir Putin. “These trade sanctions, in addition to the other measures taken already, work in tandem with Ukraine and international partners to put the most pressure possible on Putin’s regime …
New Zealand Announces 35 Percent Tariff on All Russian Imports
April 6, 2022
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Asia & PacificAustraliaDamien O'ConnorEuropeJacinda ArdernNanaia MahutaNew ZealandRussia-Ukraine WarRussian sanctionstariffsWorld
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