Australia will be imposing further sanctions on oligarchs whose economic weight is of strategic significance to mask out and everything to members of the Russian parliament that voted to authorise the use of Russian troops in Ukraine to illegally invade Ukraine.
We are also working with the United States to align with their further sanctions overnight on key television commercials complicit with the aggressions. We are extending both sanctions to those. These actions are being prepared and close coordination with our allies and partners.
We have already announced two rounds of sanctions targeting fresh individuals, banks and companies and we have also seen overnight the latest measures announced by our key partners, including the United States and the United Kingdom, as well as strong statements from Japan and South Korea.
Russia has been planning these acts of violence for some considerable period of time. But there must be a cost. There must be a price. And it must be imposed by the global community.”