New Zealand Hits Russia's Payment System with New Sanction Package

Announcement of New Sanctions

According to Главком: On May 7, the government of New Zealand announced the 35th package of sanctions against Russia, covering 20 individuals and legal entities. This new round of sanctions targets the payment infrastructure and the military-industrial complex of the Russian Federation. Since the imposition of sanctions in March 2022, New Zealand has already imposed sanctions against over 2000 individuals, legal entities, and vessels.

Sanctions were imposed against individuals supporting the Kremlin's hybrid tactics, facilitating Russia's cybercrime, and propagating anti-Ukrainian propaganda aimed at legitimizing Moscow's unlawful aggression. The new package also includes alternative payment service providers that are attempting to circumvent existing sanctions, as well as individuals contributing to the military-industrial complex of Russia. Furthermore, the sanctions target entities from North Korea and Iran that are providing support to the Russian military.

“Those who abuse online platforms to support Russia's war against Ukraine will face real consequences, including sanctions.”

Winston Peters, Minister of Foreign Affairs of New Zealand

Previous sanctions announced in Stockholm included an expansion of sanctions against Russia's oil industry and its shadow fleet. As part of these measures, sanctions were imposed on 65 vessels from the shadow fleet, as well as individuals and companies from Belarus, Iran, and North Korea. Additionally, a price cap on Russian oil was previously announced as part of the international community's efforts to limit funding for military actions by Russia.

New Zealand's Position in International Politics

New Zealand continues to take an active stance in international politics, supporting Ukraine by imposing sanctions against Russia. This step is part of global efforts by many countries aimed at deterring the Kremlin's aggression and supporting the international order. Ongoing sanctions demonstrate the duration and determination of the international community in countering threats from Russia, as well as the importance of financial stability and security amid the conflict.

In light of recent international actions, New Zealand is not the only country taking active measures against the Kremlin's aggression. For example, the UK has also imposed sanctions against individuals involved in the use of Russian drones, underscoring global solidarity in the fight against war crimes.