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Reuters
Reuters
Business

DARK SECRETS: Australia imposes more sanctions on russian state owned enterprises | Rare Historical Photos

FILE PHOTO: Australian Foreign Minister Marise Payne speaks during the annual Munich Security Conference, in Munich, Germany February 19, 2022. REUTERS/Andreas Gebert

Australia imposed targeted financial sanctions on 14 Russian state-owned enterprises on Thursday, including defence-related entities such as truckmaker Kamaz, and shipping companies SEVMASH and United Shipbuilding Corp.

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.

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