New Zealand's government says it plans to rush through a new law that will allow it to impose economic sanctions against Russia over its invasion of Ukraine.
Civilians in Irpin, Ukraine, flee amid shelling as Russia's war on the Eastern European country continues.WELLINGTON, New Zealand -- New Zealand's government said Monday it plans to rush through a new law that will allow it to impose economic sanctions against Russia over its invasion ofUnlike many countries that have already introduced sanctions, New Zealand's existing laws don't allow it to apply meaningful measures unless they're part of a broader United Nations effort.
“A bill of this nature has never been brought before our parliament, but it is essential given Russia’s vetoing of sanctions through the U.N.,” Ardern said. Ardern said there was currently only a small amount of Russian money invested in New Zealand but that without the new law, that could quickly change if Russian oligarchs began viewing New Zealand as a backdoor to avoid sanctions elsewhere.
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