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Tigers Realm will sell its operations $74 million after the Federal Court ruled last month the company was in breach of sanctions against Russian interests.
Russia is the most sanctioned country in the world, with a number of countries, including Australia, rolling out restrictions against some individuals and entities in an effort to curb Russian President Vladimir Putin’s war in Ukraine. But recent challenges to Australia’s autonomous sanctions regime has experts calling for more enforceable sanctions.
In response to Russia's full-scale invasion of Ukraine, Australia has expanded sanctions against some Russian individuals and entities. But recent challenges have prompted experts to question whether the sanctions are strong enough.