Market profile

Australia has strengthened its existing autonomous sanctions in response to the Russian threat to the sovereignty and territorial integrity of Ukraine. The sanctions imposed on Russia are published on the Department of Foreign Affairs and Trade's (DFAT) website.

Military action has also triggered additional sanctions from major western economies including the UK, US and EU aimed at isolating Russia and parts of Ukraine from world trade and financial markets.

We encourage Australian companies with business activities in Russia and bordering countries to look at the Consolidated List of all persons and entities who are subject to targeted financial sanctions under Australian sanctions law. It is important to check the Consolidated List to ensure that you do not contravene Australian sanctions law. Those on the list may be Australian citizens, foreign nationals or residents in Australia or overseas. You will also find information on what to do in the event that your activity involves a person or entity included on the Consolidated List.

You can also subscribe to receive updates to the Consolidated List.

Facts

  • Merchandise exports A$655 million (2020-21)
  • Services exports A$106 million (2020)
  • Capital Moscow
  • Official language Russian
  • Area 16,376,870 sq km
  • Population 146.7 million (2019)

Information provided by DFAT

Country profile

A comprehensive overview of political, economic and bilateral and regional trade agreements.

» read more at DFAT

Trade and economic fact sheet

Containing general information, recent economic indicators, Australia’s trade and investment relationship with Russia and their global merchandise trade relationship that is updated twice a year.

» read more at DFAT

 

Australia's trade at a glanceAustralia's top ten trading partners

Smartraveller

The Department of Foreign Affairs and Trade’s Smartraveller site provides advice for business travelers and tourists going to Russia. This is regularly updated and should be checked before planning travel.

» read more at DFAT

Become an Austrade member

Here are some benefits of being a member:

  • Create email alerts
  • Quick event registration
  • Set country and industry preferences

Join Austrade Today

Export grants

Need help with preparing and lodging your application? We can provide independent consultants to assist.

EMDG applications can be lodged by approved consultants.

Find out more

Free Trade Agreements

Increased trade creates more Australian jobs and delivers more opportunities for Australian businesses. Find out about how you can take advantage of free trade agreements.

Find out more

How Austrade can help

Austrade provides information, advice and range of trade services to assist Australian businesses reduce the time, cost and risk associated with exporting.

Help from Austrade