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Treasurer Jim Chalmers says former Soviet Union leader Mikhail Gorbachev was a pivotal figure at a defining moment.
Mr Gorbachev died at the age of 91 after a long illness, according to Russian media outlets.
“The curtain has come down on one of the world’s most significant leaders,” Mr Chalmers said during a media conference on Wednesday.
“When the world saw conflict and stalemate, he saw peace and possibility.
“He was the epitome of courage and vision, and he was a reminder that it takes more courage to end a war than to start one.
“The world mourns his passing.”
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