I have attached my position papers data, so pls tell how it sounds and stuff pls.
In an interconnected global economy, can the consequences of sanctions truly be confined to their intended targets? Unilateral sanctions and financial restrictions are used for foreign policy, yet their effects extends beyond the countries they target, disrupting trade, financial transactions, and the supply chains. The G20's task is to keep sanctions effective without putting global economic stability at risk.
Australia applies both UN Security Council sanctions and its own sanctions, under domestic law. The Autonomous Sanctions Act 2011 is the legal basis for the latter. According to the Australian Sanctions Office's 2025 Annual Report, Australia imposed 428 new autonomous sanctions in 2025. We also issued three sanctions covering 200 vessels linked to Russia's so-called shadow fleet. Together with partner countries, we helped lower the price cap on Russian crude oil to US$47.60 per barrel in 2025. The aim was to cut into Russia's oil revenue without disrupting global oil supply.
The spillovers are real, and they show why countries need to work together. In July 2022, World Bank researchers found that export restrictions pushed up the prices of wheat, rice and soybean oil by roughly 9% or more. The World Bank also reported that in 2022, close to 60% of oil-importing, emerging and developing economies saw the price of oil rise in their own currencies. These findings are economic shocks and trade restrictions also, not sanctions only. Even so, they show how quickly the problum hits the vulnerable economies. The scale of the system matters too: the Bank for International Settlements reported average daily foreign exchange turnover of about US$9.6 trillion in April 2025, so even small disruptions financial flows can travel far.
To address this, Australia proposes that the G20 to develop a framework for assessing the economic impact of sanctions, both before they are introduced and after. Member states should share information on problems they see in trade, banking and supply chains, without compromising national security. We also propose clear guidelines for banks and companies, so that legitimate and lawful business isn't caught up in sanctions by mistake.
In conclusion, Australia believes international cooperation is the best way to limit the unintended economic effects of unilateral sanctions. By communicating better, strengthening financial stability and protecting humanitarian needs, the G20 can make sure sanctions reach their goals without putting needless pressure on vulnerable economies. We encourage all member states to work toward an approach that is fair, responsible and balanced, and that supports both international security and global economic stability.
