Here's how Moscow responded to new sanctions imposed by New Zealand

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Here's how Moscow responded to new sanctions imposed by New Zealand

 Here's how Moscow responded to new sanctions imposed by New Zealand
Image source: yingko, Shutterstock.com

Highlights

  • On 6 April, NZ imposed a 35% import tax on Russian goods and broaden existing export bans on industrial products connected to Russian industries.
  • Russia responded by banning 130 NZ leaders and officials including PM Jacinda Ardern from entering Russia.
  • Regulations will be created soon to give effect to policy measures, allowing them to take effect on 25 April.

New Zealand declared new sanctions against Russia on 6 April in response to Russia’s invasion of Ukraine. NZ announced that it would impose a 35% import tax on Russian goods and broaden existing export bans to industrial products related to Russian industries.

The Government has placed a prohibition on imports from Russia, including vodka, by lifting tariffs and forbidding technology and machinery exports.

Since 1995, New Zealand has not levied tariffs on any imports. The tariff would mean that all goods imported by NZ from Russia like oil, fertiliser and vodka cannot be imported unless a 35% tariff is paid.

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Foreign Minister Nanaia Mahuta stated that images and reports of killings of citizens in Bucha and other Ukrainian regions are objectionable and disgraceful. Trade sanctions imposed by NZ are aimed at putting immense pressure on Putin’s rule to stop the war.

Russia imposes entry ban on NZ leaders in retaliation

On 7 April, Russia responded by banning 130 NZ leaders and officials including PM Jacinda Ardern from entering Russia. Russia has also banned Australian leaders and PM Scott Morrison in response to the Australian government’s ban on exports of goods, including wine and high-value cosmetic exports to Russia.

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The move comes in response to new sanctions imposed by NZ on Russia due to its invasion of Ukraine.

Russia Sanctions Bill passed in March

NZ had first introduced sanctions against the Russian leadership that also included Putin while also targeting services, companies and assets. The NZ government passed a Russia sanctions bill unanimously on 9 March that would:

  • Impose a travel ban on hundreds of individuals
  • Freeze Russian assets and services in NZ.
  • Halt ships, superyachts and aircraft owned by targeted individuals from entering the country’s land or waters.
  • Prohibit Russian and Belarussian government as well as military planes and ships from coming in NZ.

The passing of targeted legislation is the most significant step taken by NZ in response to the war in Ukraine.

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New Zealand expects to implement further sanctions under the Russia Sanctions Act to help Ukraine and prevent anyone linked to Russia's forceful aggression.

Regulations will be formed soon to give effect to policy choices, allowing them to take effect on 25 April.

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