Putin-linked Russian oligarchs with Australian assets escape Morrison government sanctions

Transparency advocates ‘can’t make sense’ of decision to exclude resource industry figures from sanctions

The Morrison government is facing questions over why it has not included two Russian oligarchs, who have assets in Australia, among those it has imposed sanctions against over the invasion of Ukraine.

Oleg Deripaska, who has a stake in an alumina refinery in Gladstone run by Rio Tinto, and Viktor Vekselberg, who has an interest in a gas project in the Beetaloo Basin, were not among 41 oligarchs and family members Australia’s department of foreign affairs and trade hit with sanctions on Monday.

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Chinese investment in Australia plunged by 61% last year, new data shows

Researcher Shiro Armstrong says decline most likely due to Australia’s changed foreign investment settings amid Covid

Chinese investment in Australia has collapsed, falling 61% in 2020, according to new data from researchers at the Australian National University.

The university’s Chinese Investment in Australia database recorded just more than $1bn of investment in Australia in 2020, down from $2.6bn in 2019 and well short of the peak of $16.5bn in 2016. The drop follows a 47% decrease in 2019.

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