On Tuesday, the Department of Foreign Affairs and Trade (DFAT) submitted the following proposed changes to the sanctions against Russia for comment:

Restrictions on the supply, sale or transfer of goods

The amending regulation would prohibit the unauthorised supply, sale or transfer of the following ‘export sanctioned goods’ for Russia, Crimea and Sevastopol:

Russia

• arms or related materiel
• Australian Obligated Nuclear Material
• equipment and technology for use in deep water oil exploration or production in Russia, Arctic oil exploration or production in Russia, or a shale oil project in Russia, as specified in the Autonomous Sanctions (Russia, Crimea and Sevastopol) Specification 2014;

Crimea and Sevastopol

• equipment and technology relating to the creation, acquisition or development of infrastructure in the transport, telecommunications and energy sectors and the exploitation of oil, gas and mineral reserves in Crimea and Sevastopol, as specified in the Autonomous Sanctions (Russia, Crimea and Sevastopol) Specification 2014;

Restrictions on the import, purchase or transport of goods

The amending regulation would prohibit the unauthorised import, purchase or transport of the following ‘import sanctioned goods’ for Russia, Crimea and Sevastopol:

Russia

• arms or related materiel

Crimea and Sevastopol

• all goods exported from Crimea and Sevastopol

Restrictions on the export or provision of services

The amending regulation would prohibit the unauthorised provision of the following ‘sanctioned services’ for Russia, Crimea and Sevastopol:

Russia

the provision to Russia, or a person for use in Russia, of technical advice, assistance or training, or financial assistance, or financial service, or another service, if it assists with, or is provided in relation to:

• a military activity
• the manufacture, maintenance or use of arms or related materiel or Australian Obligated Nuclear Material
• engagement in a sanctioned commercial activity for Russia

the provision to Russia, or to a person, entity or body for use in Russia, the following services necessary for deep water oil exploration or production in Russia, Arctic oil exploration or production in Russia, or a shale oil project in Russia:

• drilling
• well-testing
• logging and completion services
• supply of specialised floating vessels

Crimea and Sevastopol

the provision to Crimea or Sevastopol, or a person for use in Crimea or Sevastopol, of technical advice, assistance or training, or financial assistance, or financial service, or another service, if it assists with, or is provided in relation to:

• the manufacture, maintenance or use of an ‘export sanctioned good’ for Crimea or Sevastopol
• engagement in a ‘sanctioned commercial activity’ for Crimea or Sevastopol

Restrictions on commercial activities

The amending regulation would prohibit the unauthorised engagement in the following ‘sanctioned commercial activities’ for Russia, Crimea and Sevastopol:

Russia

• the direct or indirect purchase or sale of, or any other dealing with, bonds, equity, transferable securities, money market instruments or other similar financial instruments, if the financial instrument is issued by Russian state-owned banks, entities involved in military supplies and services and entities selling or transporting crude oil and petroleum products, specified in the Autonomous Sanctions (Russia, Crimea and Sevastopol) Specification 2014 and has a maturity period exceeding thirty days, as specified in the Autonomous Sanctions (Russia, Crimea and Sevastopol) Specification 2014;

Crimea and Sevastopol

• the granting of any financial loan or credit, or the establishment of a joint venture, relating to the creation, acquisition or development of infrastructure in the transport, telecommunications or energy sectors and the exploitation of oil or gas, or of mineral reserves, in Crimea and Sevastopol, as specified in the Autonomous Sanctions (Russia, Crimea and Sevastopol) Specification 2014;
• the acquisition or extension of an interest in an enterprise established in Crimea or Sevastopol and is engaged in the creation, acquisition or development of infrastructure in the transport, telecommunications or energy sectors and the exploitation of oil or gas, or of specified mineral reserves, in Crimea and Sevastopol.

The comment period ends on December 9th.

Link:

DFAT Public Consultation page

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