Tuesday, May 17, 2022

Australia to apply 35 pc tariff on all imports from Russia, Belarus

The Australian Government is taking further action to increase the economic costs to Russia following its illegal invasion of Ukraine, supported by Belarus, by applying an additional tariff of 35 per cent for all imports from Russia and Belarus.

On 1 April 2022, Australia will issue a formal notification withdrawing entitlement to the Most-Favoured-Nation (MFN) tariff treatment and applying an additional tariff of 35 per cent to all imports from Russia and Belarus. This will take effect from 25 April 2022 and will be in addition to general duty rates that currently apply.

This action follows Australia’s joint statement, with other like-minded members of the World Trade Organization, strongly condemning Russia’s actions and committing to take all actions we consider necessary, as WTO members, to protect our essential security interests.

MUST READ  $790 mn for first class health, academic facilities at Liverpool hospital

Australia stands in solidarity with Ukraine against Russia’s aggression and the Morrison Government is providing $91 million in military assistance.

To support the people of Ukraine, we are providing $65 million in humanitarian assistance, 70,000 tonnes of thermal coal to support Ukraine’s energy security, as well as temporary protection visas and assistance to Ukrainian community groups in Australia.

We continue to work with partners to impose the maximum costs on Russia, through targeted sanctions on individuals and entities, the prohibition of energy, oil and gas products from Russia, and a ban on exports of alumina and aluminium ores (including bauxite) to Russia.

MUST READ  Queensland construction giant Condev to appoint a liquidator as business touches all-time low

This includes listing more than 500 individuals and entities to date. Our sanctions on Russia make up the largest ever imposition of sanctions by Australia against any single country.

MUST READ  Westfield CEO announces retirement next year, profit peaks to $846 million

A prohibition on imports of oil and other energy products will also commence on 25 April.

We strongly support similar action by our international partners to revoke MFN trading arrangements with Russia and Belarus, consistent with their national processes.

We will continue to work closely with our partners to ensure Russia is held to account for its actions.

Australia supports the sovereignty and territorial integrity of Ukraine and continues to call on Russia to cease its unprovoked, unjust and illegal invasion of Ukraine.

Latest news

How’s thaatttt ! Minister XI vs High Commissioner XI Community Cricket Match

By Fiji Times Team Sydneysiders attended one-of-a-kind Minister XI vs High Commissioner XI Community Cricket Match organised by Australian-Indian Sports Educational and Cultural Society (AISECS,...

Masks may be back as COVID-19, flu surge across Australia

Doctors are pushing for indoor mask mandates to be introduced as COVID-19 numbers surge in several Australian states. Earlier this week Australian Medical Association (AMA) president...

NSW mayor stabbed in violent home invasion

An NSW mayor is in hospital after a group of intruders forced their way into his house and stabbed him. Police were told five to six men broke...

Plastic bag ban in NSW from June 1

New South Wales will from next month join the rest of Australia in banning single use plastic bags - with more bans to come later...

Related news

How’s thaatttt ! Minister XI vs High Commissioner XI Community Cricket Match

By Fiji Times Team Sydneysiders attended one-of-a-kind Minister XI vs High Commissioner XI Community Cricket Match organised by Australian-Indian Sports Educational and Cultural Society (AISECS,...
MUST READ  Ukrainian soldiers claim reaching Russian Border; UK Intel says Russian army losing steam

Masks may be back as COVID-19, flu surge across Australia

Doctors are pushing for indoor mask mandates to be introduced as COVID-19 numbers surge in several Australian states. Earlier this week Australian Medical Association (AMA) president...

NSW mayor stabbed in violent home invasion

An NSW mayor is in hospital after a group of intruders forced their way into his house and stabbed him. Police were told five to six men broke...

Plastic bag ban in NSW from June 1

New South Wales will from next month join the rest of Australia in banning single use plastic bags - with more bans to come later...

DC defeat Punjab Kings, Capitals in top four now

DC spinners Axar Patel and Kuldeep Yadav delivered in the middle overs as Shardul  Thakur alone complemented the duo with 4 wickets as Delhi...

Ukrainian soldiers claim reaching Russian Border; UK Intel says Russian army losing steam

The United Kingdom's Ministry of Defence has released an update on the situation in Ukraine where it has stated that Russian forces have suffered...

Chief Secretaries’ meet likely to be held at Dharamshala in June

Chief Executive officer (CEO) of NITI Aayog Amitabh Kant called on Chief Minister Jai Ram Thakur in Shimla on Monday. Discussions were held about organizing...

LABOR CARES FOR THE ELDERLY SOUTH ASIAN COMMUNITY IN NSW

An Albanese Labor Government will help deliver better aged care services for the South Asian community in New South Wales by investing in aged...