Australia announces largest-ever anti-Russian sanctions package

Australia on February 24 marked four years since Russia launched its full-scale invasion of Ukraine, describing the conflict as “blatant” and “unprovoked” aggression that violates international law, including the United Nations Charter.

In a joint statement, Prime Minister Anthony Albanese and Defence Minister Richard Marles reaffirmed Australia’s support for Ukraine, highlighting the country’s military and humanitarian assistance since the onset of the war, Caliber.Az reports.

"Today marks four years since Russia’s full-scale invasion of Ukraine began in blatant violation of international law, including the United Nations Charter. Four years of unprovoked Russian aggression against a sovereign, democratic neighbour. Australia is steadfast in our commitment to a just and lasting peace for Ukraine. We commend the bravery and resilience of the Ukrainian people," the statement said. 

Australia has pledged over AUD 1.7 billion in total assistance, including AUD 1.5 billion in military support to help Ukraine defend itself. In addition, the government has contributed AUD 40 million to the Ukraine Energy Support Fund, aimed at keeping homes heated and essential services running amid intensified Russian attacks on energy infrastructure during winter.

On February 24, the Australian government unveiled its largest sanctions package since February 2022, targeting 180 individuals, entities, and shadow fleet vessels linked to Russia. According to the statement, the measures focus on sectors including finance, defence, aeronautics, oil and gas, transportation, and technology, aiming to curb Russia’s ability to sustain its military campaign.

“Shadow fleet vessel sanctions are designed to starve Russia’s war economy of revenue,” the statement said. "For the first time, Australia is also targeting cryptocurrency entities that enable cross-border payments to facilitate sanctions circumvention which sustains Russia’s military operations."

Australia has now imposed more than 1,800 sanctions since the beginning of the conflict. The government has also lowered the Russian oil price cap from USD 47.60 to USD 44.10 per barrel, in coordination with international partners, in a bid to further suppress Russia’s oil revenue.

The government emphasised continued international collaboration.

"Australia coordinates closely with Ukraine and international partners through the Coalition of the Willing. The Deputy Prime Minister will participate in a meeting of the Coalition of the Willing this evening," the statement added. 

The statement concluded with a call to Moscow:

"Once again, Australia calls on Russia to immediately end its war and uphold its international legal obligations, including in relation to the protection of civilians and treatment of prisoners of war.

Today and everyday, Australia will continue to push for a just and lasting peace that upholds Ukraine’s sovereignty and territorial integrity, supports security and stability in Europe, and ensures Russia does not renew its aggression."

By Sabina Mammadli