In response to Russia's full-scale invasion of Ukraine, Australia has expanded sanctions against some Russian individuals and entities. But recent challenges have prompted experts to question whether the sanctions are strong enough.
Australia was among the countries that expanded sanctions against Russia following its full-scale invasion of Ukraine in 2022. These sanctions range from travel restrictions for some Russian individuals to export and import bans on certain goods to and from Russia. By late 2023, Russia had become the most sanctioned country in the world.
Clancy Moore, chief executive of advocacy group Transparency International Australia, said the RDIF has been sanctioned by Australia and "has been labelled a slush fund for Vladimir Putin". "Given the nature of this case and the potential sale, I would expect Australia's regulators, including the sanctions office, to put the proposed sale under the microscope and look very carefully at the details of the sale and where the money is going," Moore said.
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