New Zealand Passes Russia Sanctions Law
New Zealand this month approved sanctions against Russia for the country's invasion of Ukraine, marking the first time New Zealand has imposed sanctions outside of the U.N. The country's new Russia Sanctions Act will allow it to "severely limit Russia’s…
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ability to finance and equip the war on Ukraine" by freezing sanctioned people's assets in New Zealand, preventing companies from moving money to New Zealand and more, the country's foreign affairs ministry said. The U.S. State Department March 14 applauded the move, saying the law will "ensure Russia cannot use New Zealand to circumvent sanctions imposed by the international community."