AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,546 Increased By 137.4 (1.85%)
BR30 24,809 Increased By 772.4 (3.21%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)

SYDNEY: Australia expanded its sanctions against Russia over the invasion of Ukraine Sunday, immediately banning all exports of alumina and bauxite while pledging more weapons and humanitarian assistance.

The export ban aims to impact aluminium production in Russia, which relies on Australia for 20 percent of its alumina.

Russia bans export of some products, equipment after sanctions

It comes just days after Canberra sanctioned oligarch Oleg Deripaska, who owns a stake in Queensland Alumina Limited – a joint venture between Russian aluminium company Rusal and mining giant Rio Tinto, which has vowed to sever all business ties with Russia.

Australian Prime Minister Scott Morrison said his government was working with partners to “put the maximum cost, the maximum pressure on the Putin regime to withdraw from Ukraine”.

Morrison said Australia had levelled 476 sanctions against Russian individuals and institutions since the invasion began.

He also announced Australia would donate 70,000 tonnes of thermal coal to Ukraine, following a request from the besieged nation.

“We understand that it can power up to one million homes,” he said.

In addition, Australia will up its humanitarian assistance with an additional Aus$30 million (US$22.3 million), and will donate a further $21 million in defensive military assistance to Ukraine, including ammunition and body armour.

In recent weeks, the government has approved nearly 5,000 visas from Ukrainians displaced by the conflict, Morrison said.

He announced that Ukrainian refugees would be eligible for a new three-year humanitarian visa, allowing them to work, study and access the country’s health system.

Comments

Comments are closed.