Australia on Monday unveiled fresh sanctions against Russia over what Prime Minister Tony Abbott called its "bullying" of neighboring Ukraine, Reuters reports.
The sanctions, which restrict arms exports and the access of Russian state-owned banks to Australian capital markets, build on financial sanctions and travel bans enacted by Australia in March.
"So far, at least 2,500 people have lost their lives in this conflict. Let's be clear about what is happening here. Russia started it and Russia must take responsibility for this loss of life," Abbott told parliament.
"So, Madam Speaker, I can inform the house that Australia will lift its sanctions against Russia to the level of the European Union."
EU leaders agreed on Saturday to draw up new economic sanctions against Moscow, a move hailed by the United States, which is planning tighter sanctions of its own and wants to act jointly with Europe.