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New Zealand South Korea announce new sanctions on Russia – Russia-Ukraine war News

New Zealand, South Korea announce new sanctions on Russia – The New Zealand government said on Monday it would introduce a law that would allow it to impose the first sanctions of its kind against Russia following its invasion of Ukraine.

Prime Minister Jacinda Ardern said sanctions would give the country the power to suspend Russian goods in New Zealand, prevent people and companies from moving their money and goods abroad to avoid sanctions imposed by other countries, and suspend superyachts, ships and aircraft. entry into New Zealand waters or airspace.

New Zealand South Korea announce new sanctions on Russia

Ardern also released a list of 100 people banned from traveling to New Zealand.

At the time, South Korea decided to cut ties with Russia’s central bank and restrict any assets held by the bank from succeeding, in a recent national move to join Western efforts to integrate sanctions against Moscow.

South Korea’s finance ministry will release more details, including a number of other sanctions “that will be in line with US financial sanctions,” later on Monday, the country’s finance ministry official said.

New Zealand South Korea announce new sanctions on Russia – The move comes after Seoul previously announced it would block strategic shipments, block other Russian banks from the SWIFT international payment system, and expand aid to Ukraine.

Restricted items will include electrical equipment, semiconductors, computers, information and communication, sensors and lasers, navigation and avionics, as well as marine and aerospace equipment.

New Zealand South Korea announce new sanctions on Russia

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