Russian exports to New Zealand to attract 35% tariff from April 25

12 Apr '22

2 min read

Pic: Shutterstock

As part of the government of New Zealand’s ongoing response to the conflict in Ukraine, the country has announced that it will apply 35 per cent tariffs to all imports from Russia. Regulations are now being prepared to give effect to these policy decisions, to enable them to enter into force from April 25.

Officials are in regular contact with businesses to ensure the impacts of international and domestic sanctions are understood, trade and export growth minister Damien O’Connor said in a statement.

O’Connor added: “Under the Russia Sanctions Act, New Zealand will apply tariffs across the board to all Russian imports, as well as ban the export of industrial products such as ICT equipment and engines, sending a clear message that New Zealand will not fund or support the Russia war machine.

“These tariff increases work in conjunction with the international community as we seek to pressure Putin’s regime. These trade sanctions, in addition to the other measures taken already, work in tandem with Ukraine and international partners to put the most pressure possible on Putin’s regime to cease hostilities.”

Alongside 41 other countries, New Zealand has announced its support for the International Criminal Court prosecution and has provided funding to the investigation, according to foreign minister Nanaia Mahuta.

Fibre2Fashion News Desk (KD)