Increases sanctions

Abbott announces increased sanctions on Russia, bringing Australia’s sanctions in line with the European Union. The extra sanctions include restrictions on arms exports, restrictions on Russian State-owned banks to Australia’s capital markets, stopping exports used for oil exploration and production, restrictions on Australian trade and investment in Crimea, and targeted travel bans and financial sanctions on 63 Russian and Ukrainian individuals and entities. He doesn’t impose sanctions on the uranium trade, but says:

The government does not rule out further sanctions in the future