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The Guardian - AU
The Guardian - AU
National
Daniel Hurst

FOUND: Australia has virtually zero economic leverage over moscow - You Need To See This

An oil plant in Tatarstan, Russia.
An oil plant in Tatarstan, Russia. Experts say Australian sanctions against Russia will have little impact but importers may be weighing up growing risks. Photograph: Yegor Aleyev/TASS

Australia has vowed to keep ratcheting up sanctions in response to Russia’s invasion of Ukraine – but it has virtually zero economic leverage over Moscow.

Trade figures make that clear: Australia was 94th on the list of Russia’s main export destinations before the pandemic upended the world, which the Department of Foreign Affairs and Trade rounded down to 0.0% of Russia’s exports.

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