New Zealand sanctions Belarusian banks and companies

July 21, BPN. Foreign Minister Nanaia Mahuta has announced a new tranche of 23 sanctions as part of New Zealand’s ongoing response to what she called Russia’s illegal and unjustified assault on Ukraine.

“The Belarusian regime has confirmed Russian controlled nuclear weapons are being stationed on its territory which borders Ukraine. New Zealand strongly opposes the proliferation and sharing of nuclear weapons and sees this move as a direct threat to Ukraine, its neighbouring allies, and a further attempt to destabilise the region,” she said in a statement.

The sanctions target Belinvestbank, Belinvest Engineering, Biełbizneslizinh, the Development Bank, Dabrabyt and the Sohra company, as well as Russian entities.

Since the passing of the Russia Sanctions Act in March 2022, Aotearoa New Zealand has adopted more than 20 rounds of sanctions on over 1,500 individuals and entities, ensuring that we remain in step with international sanctions efforts.