New Zealand announces sanctions against Russian defense enterprises

Wellington introduces restrictive measures against six defense structures and 170 Russian senators Nanaya Makhuta

New Zealand Foreign Minister Nanaya Mahuta announced new sanctions against Russian politicians and the defense sector. The new restrictive measures are directed against 170 members of the Federation Council of Russia and six defense enterprises "which contributed to the encroachment on the sovereignty and territorial integrity of Ukraine."

New Zealand authorities have also stepped  up sanctions on more than 400 people who were previously banned from entering the country.

“This will further prohibit those we have already sanctioned from operating in New Zealand and will prevent New Zealand from becoming a financial haven for those involved in Russia’s illegal actions,” Makhuta said.

New Zealand imposes sanctions against the Central Bank and 16 Russian banks Finance

New Zealand has imposed several packages of sanctions against Russia since the end of February. In mid-March, the country imposed sanctions against President Vladimir Putin, Prime Minister Mikhail Mishustin, Foreign Minister Sergei Lavrov, Defense Minister Sergei Shoigu. These restrictions include asset freezes and entry bans.

In addition, Wellington banned the entry of more than 360 Russians, including presidential spokesman Dmitry Peskov, Sberbank CEO German Gref, businessman Yevgeny Prigozhin, Boris and Igor Rotenberg, and Rosneft head Igor Sechin.

In early April, New Zealand restricted the export of "products closely related to Russia's strategic industries" and imposed sanctions on 18 Russian banks and financial institutions.

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Among them: the Central Bank of Russia, Sberbank, VTB, Gazprombank, VEB, Alfa-Bank, Rosselkhozbank, Rossiya Bank, Otkritie Bank, MCB, Sovcombank, SMP Bank, and RDIF.

The Russian Foreign Ministry accused New Zealand of following a "Russophobic course" initiated by the "collective West". In response, Moscow banned the entry of 130 representatives of the country, including Governor General Cynthia Quiro, Prime Minister Jacinda Ardern, her deputy Grant Robertson, Mahut, Defense Minister Pini Henare.

Favorable course inFavorable exchange rate at VTB officesThe larger the amount, the greater the benefit.More than 1,000 branches across the countryPreliminary calculation inonline converter

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