Prime Minister Scott Morrison says Australia is contemplating further moves against Russia as he flagged the potential of a further military aid package for Ukraine.
Mr Morrison says Australia is working closely with its partners to see if there is more military support and armaments it can provide to Ukraine after an initial $70 million package.
"We are very prepared to do that," he said.
Russia's economy continues to buckle under the pressure of international sanctions but concerns have been raised about possible Chinese backing to help stave off the effects of Western sanctions.
The prime minister said he could not go into detail about further actions or sanctions because of security reasons.
"I have spoken to (Ukrainian President Volodymyr) Zelensky and other European leaders constantly over the course of this crisis and we are continuing to extend our sanctions to more and more individuals," Mr Morrison told Perth radio station 6PR.
"That is having a big impact on Russia's economy and that is very important."
More than 2000 visas had been processed for Ukrainians to come to Australia, Mr Morrison added.
Finance Minister Simon Birmingham said Australia would continue to move in lock step with its international partners when it came to sanctioning Russia and those backing the Kremlin.
It puts Australia on a potential collision course with China after the United States issued a stern warning to Beijing that consequences would follow any lifelines thrown to Russia.
That included Australian reprisals against actions that "in any way support Russia's assault on the Ukrainians" in line with the US, the UK and European nations, Senator Birmingham said.
"We've taken a raft of sanctions against Russian individuals and entities against Belarusian individuals and entities," he told Sky News.
"By extending that to Belarus, we have demonstrated that we were willing to take sanctions against those players who support Russia in ways that underpin Russia's atrocious attacks on Ukraine."
But the finance minister stopped short of issuing Beijing an ultimatum.
"I hope that it doesn't come to that because I hope and trust that China does not supply weapons to Russia and does not support (the war)", he said, following reports Moscow asked Beijing for military support in Ukraine.
"What we encourage China to do is stand up for the sovereignty of Ukraine, stand up for the rights of Ukrainian people and apply pressure on Russia to cease this war (and) to end the killing of Ukrainians."
The Associated Press quoted two US officials as saying China had signalled to Russia it would be willing to provide both military support and financial backing.
"Moscow has received a positive response from Beijing," one official told AP on the condition of anonymity to discuss the sensitive information.
Russia has denied it needs China's help, with President Vladimir Putin's spokesman Dmitry Peskov saying the country has "its own potential to continue the operation, which, as we have said, is unfolding in accordance with the plan".
with AP
