Australia has banned top Exports to Russian Federation:
Today Australia has imposed an immediate ban on exports of Aluminum ores to the Russian Federation as part of its ongoing sanctions against Moscow. The Australian government said in a joint statement that “Russia relies on Australia for nearly 20 percent of its alumina needs”. Further added that the move will limit Russian capacity to produce Aluminum.
Australia mining giant:
Most importantly, Anglo-Australian mining giant Rio Tinto owns an 80 percent stake in Queensland Alumina Ltd in a joint venture with Russia’s Rusal International PJSC, the world’s second-largest Aluminum producer. Last week, Australia also imposed sanctions on two Russian businessmen related to the mining industry, especially on Oleg Deripaska who holds stakes in QAL.
The Australian government has worked with the Coal Industry to source supplies, Whitehaven Coal has smoothly arranged a shipment and working with the Polish and Ukrainian governments to deliver the supplies as earliest as an available opportunity. As well as the Australian government pledged additional humanitarian aid and military equipment for Ukraine.
Russia Ukraine War:
Foreign Minister Marise Payne said Australia was working in close cooperation with international partners to increase sanctions pressure on oligarchs close to Russian President Vladimir Putin over the invasion of Ukraine. Russia says it is carrying out “a special military operation” to stop the Ukrainian government from committing “genocide” – an accusation the West calls a fabrication.