Australia to propose tax incentives for critical minerals
The proposed law will set up a tax incentive worth 10% of relevant processing and refining costs for 31 critical minerals.
Tony Abbot warned Putin that he would become an “international outcast.”
Australia has warned Russian President Vladimir Putin that if his troops cross into Ukraine under the guise of a “humanitarian mission”, further sanctions would come his way, including a ban on the sale of uranium.
Aussie prime minister Tony Abbott, was quoted by AAP as saying that Putin would become an “international outcast” if he sent Russian troops into Ukraine and said such action would be regarded as “an invasion”.
Foreign Minister Julie Bishop said that sanctions to date had only been imposed on Russian individuals and companies but Australia could consider “other options”. Asked if that might include the possibility of banning the sale of uranium to Russia, she said “everything’s on the table”.
On Saturday finance minister Mathias Cormann, told Sky News this was under consideration.
“We are considering what other action we can sensibly take in terms of further increasing the level of sanctions imposed on Russia and all these matters … will be part of a proper and considered discussion before we make a decision,” Cormann was quoted as saying.
Image via WikiMedia Commons.
3 Comments
idigmines
Won’t have any effect. Russia has been dismantling old nukes and probably has plenty of fissionable material. Then, there is always Afghanistan.
Sven
I hope Australia doesn’t need Russian Palladium…
David R.(Canada)
I doubt Russia even needs Australian uranium. Notice the article doesn’t even mention how much uranium Russia bought (if any) last year from Australia.
This is a joke, right?
Next, Canada will stop selling bananas to Russia!