Sanctions Tracker – Australian Update On Sanctions Responses To The Situation In Ukraine

We previously discussed sanctions measures that have been proposed in several jurisdictions as a potential response to any prospective Russian military incursion into Ukraine on February 4, February 11 and February 23. Since our last update, the EU, UK, US and Australia have imposed additional sanctions in response to the situation. An update on the EU and UK sanctions was published on February 24.

This post provides an update regarding recent Ukraine-related sanctions measures in Australia.

On 24 February 2022, the Australian Government introduced a number of amendments to the Autonomous Sanctions Regulations 2011 (Cth)¹ imposing sanctions against "Russian individuals, organisations and banks as part of the international effort to impose a sharp cost on Russia for its unprovoked and unacceptable aggression against Ukraine."²