AIRLINK 80.60 Increased By ▲ 1.19 (1.5%)
BOP 5.26 Decreased By ▼ -0.07 (-1.31%)
CNERGY 4.52 Increased By ▲ 0.14 (3.2%)
DFML 34.50 Increased By ▲ 1.31 (3.95%)
DGKC 78.90 Increased By ▲ 2.03 (2.64%)
FCCL 20.85 Increased By ▲ 0.32 (1.56%)
FFBL 33.78 Increased By ▲ 2.38 (7.58%)
FFL 9.70 Decreased By ▼ -0.15 (-1.52%)
GGL 10.11 Decreased By ▼ -0.14 (-1.37%)
HBL 117.85 Decreased By ▼ -0.08 (-0.07%)
HUBC 137.80 Increased By ▲ 3.70 (2.76%)
HUMNL 7.05 Increased By ▲ 0.05 (0.71%)
KEL 4.59 Decreased By ▼ -0.08 (-1.71%)
KOSM 4.56 Decreased By ▼ -0.18 (-3.8%)
MLCF 37.80 Increased By ▲ 0.36 (0.96%)
OGDC 137.20 Increased By ▲ 0.50 (0.37%)
PAEL 22.80 Decreased By ▼ -0.35 (-1.51%)
PIAA 26.57 Increased By ▲ 0.02 (0.08%)
PIBTL 6.76 Decreased By ▼ -0.24 (-3.43%)
PPL 114.30 Increased By ▲ 0.55 (0.48%)
PRL 27.33 Decreased By ▼ -0.19 (-0.69%)
PTC 14.59 Decreased By ▼ -0.16 (-1.08%)
SEARL 57.00 Decreased By ▼ -0.20 (-0.35%)
SNGP 66.75 Decreased By ▼ -0.75 (-1.11%)
SSGC 11.00 Decreased By ▼ -0.09 (-0.81%)
TELE 9.11 Decreased By ▼ -0.12 (-1.3%)
TPLP 11.46 Decreased By ▼ -0.10 (-0.87%)
TRG 70.23 Decreased By ▼ -1.87 (-2.59%)
UNITY 25.20 Increased By ▲ 0.38 (1.53%)
WTL 1.33 Decreased By ▼ -0.07 (-5%)
BR100 7,629 Increased By 103 (1.37%)
BR30 24,842 Increased By 192.5 (0.78%)
KSE100 72,743 Increased By 771.4 (1.07%)
KSE30 24,034 Increased By 284.8 (1.2%)

imageSYDNEY: Australia will toughen its sanctions against Russia over the crisis in Ukraine so they match those of the European Union, Prime Minister Tony Abbott said Monday.

Australia already has some sanctions against Russia, but Abbott said these would be tightened as a result of Moscow's persistent and deliberate violation of its neighbour's sovereignty.

"Australia will lift its sanctions against Russia to the level of the European Union," Abbott told parliament in Canberra.

"There will be no new arms exports, there will be no new access by Russian state-owned banks to the Australian capital market, there will be no new exports for use in the oil and gas industry, there will be no new trade or investment in the Crimea.

"And there will be further targeted financial sanctions and travel bans against specific individuals."

The European Union and the United States in March slapped tough sanctions on Russia over its role in the Ukraine crisis, including Moscow's annexation of Crimea.

On Sunday the EU gave Moscow one week to curb its support for rebels in eastern Ukraine or face a fresh wave of penalties as it warned the escalating crisis was putting all of Europe at risk.

Australia has taken a particular interest in the conflict after 38 of its citizens and nationals died when Malaysia Airlines Flight MH17 was shot down over eastern Ukraine in July, killing all 298 on board.

Abbott said Russia had been running a proxy campaign to destabilise Ukraine in "clear breach and defiance of international law" for months and was openly violating Ukraine's sovereignty.

The prime minister said NATO had reported that at least 1,000 Russian soldiers were operating openly inside Ukraine where the conflict has so far cost the lives of some 2,500 people.

"Let's be clear about what's happening here -- Russia started it and Russia must take responsibility for this loss of life," Abbott said.

"And now... Russia quite brazenly is trying to break the eastern Ukraine away from Ukraine itself.

"If Russian troops remain in Ukraine, if Russia persists in its attempt to break up a neighbouring country that has done it no harm, it risks becoming an international pariah."

In a statement, Abbott said the tightened sanctions were being coordinated with partners in the United States, Canada and the EU and the government would not rule out further action in the future.

Copyright AFP (Agence France-Presse), 2014

Comments

Comments are closed.