New Zealand has announced new sanctions against Russia’s largest banks and financial institutions for invading Ukraine. In particular, the list includes the Central Bank of Russia.
Source: New Zealand Foreign Minister Nanaia Mahuta
“New Zealand is imposing sanctions on eighteen financial entities, including Russia’s central bank, sovereign wealth fund and the largest financial institutions in the country. These major institutions make up approximately 80% of Russia’s total banking assets.”
These sanctions are designed to impose an economic and political cost, specifically targeting organizations that finance the continued invasion of Ukraine.
“With this latest round of sanctions, New Zealand is joining countries around the world who have imposed heavy penalties on President Putin and the system financing his illegal invasion.”
See also: The Prime Minister of the Netherlands announced the supply of armored vehicles to Ukraine
