Senate Foreign Affairs, Defence and Trade References Committee (part 2 of 2) — hearing of 18 February 2026: transcript & video · Polyfact

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Senate Foreign Affairs, Defence and Trade References Committee (part 2 of 2)

18 February 2026

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Contents updated on 22 Oct 2026

The chair thanks the outgoing witnesses, sets the deadline for questions on notice, and formally closes the earlier panel before moving to the next set of officials.

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Opening of DFAT/Defence sanctions session

00:00

Closing prior witnesses and setting deadlines

00:00

DFAT and Defence invited — procedural directions

01:01

Officials’ introductions from DFAT and Defence

02:26

DFAT sanctions policy, indirect oil and legal constraints

03:18

DFAT opening statement — Russia, Ukraine and sanctions

03:18

Chair to DFAT — why no third‑country oil ban?

09:09

DFAT on consultation scope and policy design

11:07

Urgency and effectiveness of current sanctions questioned

11:56

Legislated direct import ban and indirect flows

15:18

Sanctions legal framework and frozen Russian assets

19:39

Shoebridge questions — indirect imports and EU coordination

27:01

Shoebridge — intent of sanctions and indirect imports

27:01

Government options and modelling on indirect imports

32:18

Evidence of Australian financial contribution to Russia

35:53

DFAT–EU sanctions coordination and audio disruption

39:57

Whiteaker questions — exposure to Russian-origin fuel

41:40

Whiteaker — impact of direct import ban and Reliance decision

41:40

Data on indirect imports and lack of tracking system

44:52

Shadow fleet vessels and Russian sanctions evasion

47:34

Targeted sanctions on Russian energy actors

56:28

Defence evidence on fuel security and sanctions implications

57:33

Defence on fuel security and prospective third‑country ban

57:33

Defence fuel stocks, refining capacity and Viva assurances

59:51

Defence stance on indirect Russian crude and inter‑agency work

01:03:12

Sanctions Office resourcing and adjournment

01:06:12

Sanctions Office resourcing and closing of hearing

01:06:12

Senate Foreign Affairs, Defence and Trade References Committee (part 2 of 2)

18 February 2026

Senate Foreign Affairs, Defence and Trade References Committee Wed, 18 Feb 2026 Australian Parliament

00:00 - 00:18

Speaker 40

And fuel prices are not put at risk, and that would need consultation with industry. It would need probably a transition period to allow us to find alternative sources of supply if we need to. So there's a lot involved, but if the policy changes, the industry will comply.

00:20 - 00:26

Speaker 2

Alright. Thank you so much. Vaibhav, I'm just wondering whether you have any final observations you wish to make before we finish up.

00:30 - 00:37

Speaker 19

None really. Thank you very much for the opportunity to present. I'm really glad to hear from even the industry on this. Thank you.

00:38 - 00:51

Speaker 2

Alright. Thank you both. Thank you all very much for attending today. We really are very grateful to you. Any questions on notice should be returned to the committee by Friday, 02/27/2026.

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