Six things businesses need to know about Australian sanctions regime

Russian steel mogul Alexander Abramov is making waves in Australia, and not from the wake of his $100 million superyacht, Titan. In June, the oligarch launched legal action against the Minister for Foreign Affairs, Penny Wong, after being targeted with Australian sanctions over Russia's invasion of Ukraine. The pending Federal Court showdown between Mr Abramov and the Australian Government is set to provide an unprecedented insight into how the government decides who makes it onto Australia's sanctions lists. But even for those who aren't Russian billionaires, it has never been more important to understand sanctions laws and how to avoid falling afoul of them.

Australia, and its Western partners, responded to the outbreak of the Ukraine war with a barrage of sanctions targeting Putin's enablers and others responsible for or complicit in the violation of Ukraine's sovereignty and territorial integrity. Their aim, generally speaking, is to make life