ANNOUNCEMENT 03 May 2022

On 3 May 2022, the New Zealand Ministry of Foreign Affairs announced new sanctions on defence entities, five are companies while one is a non-commercial entity. 

 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The New Zealand Ministry of Foreign Affairs and Trade. Home. Countries and regions. Europe. Ukraine. Russian invasion of Ukraine. Russian Sanctions. "Russian Sanctions Register" updated 3 May 2022. Available at:
https://www.legislation.govt.nz/regulation/public/2022/0074/latest/LMS659581.html

The New Zealand Ministry of Foreign Affairs and Trade. Home. Countries and regions. Europe. Ukraine. Russian invasion of Ukraine. "Russian Sanctions." Available at:
https://www.mfat.govt.nz/en/countries-and-regions/europe/ukraine/russian-invasion-of-ukraine/sanctions

Inception date: 03 May 2022 | Removal date: 17 Mar 2025

Controls on commercial transactions and investment instruments

On 3 May 2022, the New Zealand Ministry of Foreign Affairs and Trade updated the "Russia Sanctions Register" under the Russia Sanctions Regulations 2022, which expires on 17 March 2025. It now includes controls on commercial transactions and investments for five more commercial entities. Additionally, the authorities imposed sanctions on a non-commercial entity, a battalion group known as "Wagner Group". 

The reason for the additional economic sanctions is Russia's invasion of Ukraine. The new entities included are Kronshtadt Group, Makeyev Rocket Design Bureau, Minsk Wheel Tractor Plant (MZKT), United Shipbuilding Corporation, and Zelenodolsk Shipyard Plant. The entities operate in the defence sector, manufacturing ammunition, military aircraft, and warships.

To view additional sanctions on Russia imposed by New Zealand, please see the related state acts.

AFFECTED SECTORS

 
N/A