Sanctions imposed by Australia against prominent Russian billionaire Roman Abramovich won’t exact financial pain, but the global push to isolate Russia is taking its toll, anaylsts have told SBS News. StaynerThomas
Chelsea FC owner Roman Abramovich, who has been targeted by sanctions in the United Kingdom and Australia.The Morrison government has slapped fresh sanctions on Russian oligarchs, including the prominent billionaire owner of Chelsea football club, Roman Abramovich.But analysts monitoring the sanctions crackdown over Russia's invasion of Ukraine say the response is unlikely to exact significant financial pressure against those targeted.
“It is not going to have any profound effect on the well-being or the situation concerning the oligarchs,” he told SBS News. But Dr William Stoltz, senior Adviser for Public Policy at the ANU National Security College in Canberra, said the reality is the impact of Australia's response would be limited.
Unlike Australia's response, Britain’s sanctions actions will have real consequences, placing Abramovich's plans to sell Chelsea on ice.Australia slaps Russia with new sanctions targeting Moscow's 'widespread disinformation campaign' The Morrison government says it has sanctioned more than 400 Russian individuals and entities, including corrupt oligarchs, MPs, and military commanders for their involvement in helping facilitate Mr Putin’s invasion against Ukraine.
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