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Reuters
Reuters
Business
Lucy Craymer

New Zealand introduces new sanctions, tariffs on Russian imports

FILE PHOTO: New Zealand Foreign Minister Nanaia Mahuta speaks during a session of the UN Human Rights Council, which voted to hold an urgent debate about Russia's deadly invasion of Ukraine at Kyiv's request, amid widespread international condemnation of Moscow's attack, in Geneva, Switzerland February 28, 2022. Fabrice Coffrini/Pool via REUTERS

The New Zealand government said on Wednesday it was introducing a 35% tariff on all imports from Russia and would extend existing export prohibitions to industrial products closely connected to strategic Russian industries.

"The images and reports emerging of atrocities committed against civilians in Bucha and other regions of Ukraine is abhorrent and reprehensible, and New Zealand continues to respond to Putin’s mindless acts of aggression," Foreign Minister Nanaia Mahuta said in a statement.

She said the government expects to roll out further measures under the Russian Sanctions Act to support Ukraine.

The new tariffs and sanctions will come into force from April 25.

(Reporting by Lucy Craymer; Editing by Lincoln Feast)

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