New Zealand imposes new sanctions on Russian banks

Plastic letters arranged to read "Sanctions" are placed in front the flag colors of New Zealand and Russia in this illustration taken February 28, 2022. REUTERS/Dado Ruvic/Illustration

WELLINGTON (Reuters) - New Zealand unveiled new sanctions on Tuesday targeting Russia’s largest banks and financial institutions, in its response to the invasion of Ukraine.

"We are deeply concerned at the reports of brutality from Russian forces," Foreign Minister Nanaia Mahuta said in a statement after the measures were announced.