New trade bans and sanctions on oligarchs and Russian officials

* New sanctions and trade bans on Russia and Belarus in response to Putin’s attempts to illegally annex parts of Ukraine
* Sanctions target 51 oligarchs including New Zealand-linked Alexander Abramov and 24 Russian-backed office holders in annexed areas of Ukraine
* New bans on exports and imports of luxury goods like NZ wine and seafood and Russian vodka and caviar, as well as strategically important products like oil, gas and related production equipment
* Extension of 35% tariff on Russian imports till March 2025
* New Zealand condemns Russia’s overnight missile strikes on civilians.