Australia News

Budget 2025: Tariffs on Russia Extended, $17 Million for Ukraine

Defence spending continues to be a hot topic issue as the government tries to balance the books.
Budget 2025: Tariffs on Russia Extended, $17 Million for Ukraine
Australian Prime Minister Anthony Albanese (l) and Ukrainian President Volodymyr Zelenskyy speak to the media during a press conference at the Presidential Palace in Kyiv, Ukraine, Sunday, July 3, 2022. Mr Albanese made a 12 hours long visit to Kyiv meeting with Ukrainian President Volodymyr Zelenskyy. AAP Image/Lukas Coch
Monica O’Shea
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The Labor government’s recent budget reveals it will continue tariffs against Russia and Belarus, while provide $17 million in funding to Ukraine.

“The government will extend by a further two years, to 24 October 2027, a measure imposing additional tariffs on goods that are the produce or manufacture of Russia or Belarus,” Budget Paper No. 2 (pdf) states.
Monica O’Shea
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]