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Made under section 9 of the Russia Sanctions Act 2022 (Russia Sanctions Amendment Regulations (No 5) 2025, SL 2025/235), the designations freeze the New Zealand-based assets of the listed entities/individuals and prohibit New Zealand persons from supplying services to them — port access, marine insurance, chartering, crewing, and cargo-handling services in particular, given the maritime focus of this round. Foreign Minister Winston Peters framed the action as targeting "the oil supply chain" to pressure Russia toward negotiations; it follows an earlier June 2025 round (27 vessels) and tracks the parallel EU/UK/Canada "shadow fleet" designation programs which use the same evasion typology (aging tankers reflagged and insured outside G7/EU frameworks to bypass the G7 price cap on Russian crude).
New Zealand has now imposed sanctions on more than 1,900 individuals, entities and vessels since the Act entered into force in March 2022, across 33 designation rounds.
alongside the EU, UK, Canada and Switzerland — vessels blacklisted by one jurisdiction increasingly face compounding insurance/port friction across all of them, raising the effective cost of shadow-fleet operation.
impact is confined to shipping/insurance counterparties that might otherwise deal with the designated vessels or entities.
exports via vessel-level (rather than solely price-level) enforcement.
recent reduction (to ~$44.10/bbl per prior October 2025 GTA-linked reporting) in a future amendment round — worth checking subsequent Russia Sanctions Amendment Regulations for a price-cap-specific instrument.
individuals was not confirmed via primary source in this filing pass; the NZ Russia Sanctions Register (mfat.govt.nz) carries the authoritative list.