Thursday, 3 August 2023
Government must extend trade sanctions on Russia and Belarus
Shadow Minister for Trade and Tourism, the Hon Kevin Hogan MP has called on the Albanese Government to extend the 35% customs tariff on Russia and Belarus for another 12 months.
“With no end in sight to Russia’s illegal invasion of Ukraine with Belarussian support, the Albanese Government has no choice but to extend Australia’s trade sanctions against these regimes beyond the October 2023 end date,” Mr Hogan said.
“Australia must continue to take whatever measures we can to denounce Russia and Belarus for their illegal aggression. The removal of most favoured nation status and the imposition of this customs duty is one such measure.
“Many Australians are becoming increasingly concerned that the Albanese Government is pulling back on Australia’s commitment to support Ukrainian sovereignty and territorial integrity, as well as put in place measures that will support a future rebuild effort.
“I was very disappointed to learn of the Government’s decision not to pursue a double taxation agreement with the Ukraine.
“This is a bad decision and must be reversed by the Treasurer.
“Equally, action by the Minister for Trade and Tourism to extend the existing punitive tariff sends an important signal to the rest of the world of our enduring commitment to justice and liberty for Ukraine, and our support for a rules-based international order.”
The 35% customs duty on goods that are the produce or manufacture of Russia and Belarus was first introduced by the Coalition Government and applied for a period of 6 months from 25 April 2022. This was extended for a period of 12 months commencing 24 October 2023.