Prime Minister Anthony Albanese and Foreign Minister Penny Wong today announced financial sanctions and an export ban, targeting sectors of economic and strategic significance to Russia.

These additional targeted measures aim to slow Russia’s war machine.

Australia’s action is part of a push by international partners, who are meeting at the G7 Leaders’ Summit in Hiroshima this week.

Australia has already sanctioned more than 1,000 individuals and entities who are supporting Russia’s illegal and immoral invasion of Ukraine.

ANTHONY ALBANESE, PRIME MINISTER: It is good to be back in Japan for my third visit as Prime Minister. And I thank Prime Minister Kishida very much for the invitation to attend the G7 as one of the associated countries who are here over the next three days. My first visit is here to the Hiroshima Peace Memorial. It was important that I visit to pay my respects. August 6, 1945 is a day in which over 200,000 people lost their lives just on that day.

FIFI BOX, HOST: We have a very special guest in the studio and he has his very own jingle. Prime Minister Anthony Albanese, welcome back to the show.

PRIME MINISTER: Good to be here.

BOX: So lovely to see you.

PRIME MINISTER: So good of you to have a jingle for me.

BOX: I know. Well, we only do that for our favourite guests and I guess it deserved that.

PRIME MINISTER: Obviously, can't have a jingle for everybody.

TROY ELLIS, HOST: Marty, the Prime Minister is with us in the studio.

MARTY SHEARGOLD, HOST: Welcome, Prime Minister.

ANTHONY ALBANESE, PRIME MINISTER: Great to be here. Good to be in Melbourne.

SHEARGOLD: It's the first time I've met you. You seem fit and well and happy and together, which I'm not surprised by, I mean you are the Prime Minister after all.

PRIME MINISTER: Well, I am happy in nature. I think that it's a good way to start the day.

DAMIAN FERRIE, BETTER HEALTH NETWORK: Good morning, and a very warm welcome to Better Health Network. Can I start by acknowledging the Traditional Owners of the lands on which we meet and pay my respects to elders past, present and emerging and recognise the lands that were on have never been ceded. It is my absolute pleasure to welcome the Prime Minister of Australia, the Honourable Anthony Albanese. Lovely to have you here, Prime Minister, we're very honoured. Can I also warmly welcome our local member, much loved local member, Michelle Ananda-Rajah.

JAMES VALENTINE, HOST: Prime Minister, good morning.

ANTHONY ALBANESE, PRIME MINISTER: Good morning, good to be with you, James.

VALENTINE: When did you hear about it?

JUSTINE ELLIOT, MEMBER FOR RICHMOND: Good morning. I'm Justine Elliot, I'm the Member for Richmond. And I'm so excited to have the Prime Minister here today, back on the North Coast. He's been here many, many times. And, of course, he knows our region so well and knows the people here as well. So it is a very exciting day for us. Thank you Prime Minister.

ADAM GILMOUR, GILMOUR SPACE TECHNOLOGIES: We are super happy to have the Prime Minister visit us at Gilmour Space Technologies. What you're looking at is the first orbital vehicle that's ever been designed and built in Australia. It's critical technology, only 11 nations on the planet have orbital vehicles. When we go to space, we will be the 12th. I really appreciate the Prime Minister taking time out of his busy day to come and see us. I know you're very busy. I hope you're impressed with this.

STEVE AUSTIN, HOST: Prime Minister, welcome to ABC Radio Brisbane once again.

ANTHONY ALBANESE, PRIME MINISTER: Good afternoon. Good to be with you, Steve.

Well thank you so much. I begin by acknowledging the Traditional Owners of the land on which we meet and I pay my respects to their elders past, present, and emerging. And of course, I'm proud to lead a government that will give Australians the chance to recognise Indigenous Australians in our Constitution in the last quarter of this year.