Australian Prime Minister Scott Morrison said in a statement on Friday, the country “is imposing further sanctions on individual Russians.”

Morrison said, “it’s unacceptable that China is easing trade restrictions with Russia at this time.”

Adding to this, the White House noted that “China ties with Russia too limited to compensate for sanctions.”

Market reaction

The risk sentiment is recovering, as the dust settles over the Russian assault of Ukraine, with AUD/USD testing daily highs near 0.7180, up 0.17% on the day.

The S&P 500 futures are trimming losses, trading around 4,280.