The government is slapping sanctions on Russians with connections to New Zealand and President Putin.
New legislation will let the government freeze the assets of people associated with Russia, and prevent Russian elites from moving their money and assets to New Zealand.
Russian flagged super yachts, ships and aircraft will be blocked from entering New Zealand waters or airspace.
The government has also released a list of 100 people on the black list - banned from coming to New Zealand. Top of the list - President Vladimir Putin.
Prime Minister Jacinda Ardern says with Russia using its veto power to avoid UN sanctions, the government has decided to bring in these moves.
She says the bill will pass through the house under urgency this week.
Robert Ayson is Professor of strategic studies at Victoria University of Wellington. He talks to Lisa Owen.