New Zealand expands sanctions targeting Russia’s military support network

New Zealand’s Foreign Minister Winston Peters announced additional sanctions targeting individuals and entities linked to Russia’s military efforts in Ukraine.

These sanctions focus on individuals and entities involved in Russia’s military-industrial complex, as well as supporters from North Korea, Iran, and Belarus. In addition, vessels connected to Russia’s so-called ‘shadow fleet’ have also been targeted.

According to Peters, military assistance from countries like North Korea, Iran, and Belarus has helped sustain Russia’s aggressive campaign against Ukraine. “New Zealand must continue to hold Russia and its enablers accountable,” he stated in an official government release.

The latest measures include sanctions against 18 individuals and entities directly supporting Russia’s war efforts. Furthermore, 27 vessels that form part of Russia’s ‘shadow fleet’ have been designated. These ships are involved in activities designed to circumvent sanctions, including transporting Russian oil at prices above the G7 Plus oil price cap, which New Zealand adopted last year.

Peters emphasised the importance of international cooperation in this effort: “The designation of Russia’s ‘shadow fleet’ reflects a joint effort with like-minded international partners to prevent sanctions evasion and to maintain pressure on Russia in support of a just and lasting peace for Ukraine.”

Since the Russia Sanctions Act came into effect in March 2022, New Zealand has imposed sanctions on over 1,800 individuals, entities, and vessels, alongside various trade restrictions aimed at curbing Russia’s war capabilities.

By Tamilla Hasanova