Australia imposes sanctions on 14 Russian state-owned enterprises

On 14 Russian state-owned enterprises

Australia imposed targeted financial sanctions on 14 Russian state-owned enterprises, including defense-related entities such as truckmaker Kamaz, and shipping companies SEVMASH and United Shipbuilding Corp., Qazet.az reports according to Reuters.

Sanctions will also extend to electronic company Ruselectronics, responsible for the production of around 80% of all Russian electronics components, and Russian Railways over Moscow's invasion of Ukraine, Foreign Minister Marise Payne said in a statement.

Australia has now sanctioned about 600 individuals and entities, including most of Russia's banking sector and all organizations responsible for the country's sovereign debt