On February 24, 2026, Canada announced new amendments to the Special Economic Measures (Russia) Regulations (the “Regulations”). These amendments, effective as of February 19, 2026, impose sanctions on 21 individuals, 53 entities, and 100 vessels. Additionally, amendments were made to Schedule 10.01 to lower the oil price cap (OPC) per barrel on Russian crude oil… Continue reading Individuals, Entities, and Vessels Targeted in Latest Amendments to the…
On November 12, 2025, Canada announced new amendments to the Special Economic Measures (Russia) Regulations (the “Russia Regulations”) to impose sanctions against 13 individuals, 11 entities, and 100 vessels from Russia’s “shadow fleet”. Canada states that these new measures target Russia’s “energy revenues and financial enablers, while also degrading its conventional and hybrid military capabilities”.… Continue reading Canada Announces Additional Sanctions Against Russia
On August 28, 2025 Canada announced new amendments to the Special Economic Measures (Moldova) Regulations (the “Regulations”). These amendments impose sanctions on another 16 individuals and 2 entities “for their role in Russia’s malign interference activities in Moldova”. To date, Canada has sanctioned 32 individuals and 9 entities, as listed in the Schedule of the… Continue reading Amendments to the Moldova Regulations Impose Additional Sanctions
On June 17, 2025 Canada announced three new amendments to the Special Economic Measures (Russia) Regulations (the “Regulations”). These amendments impose additional sanctions on individuals and entities, as well as expand on Canada’s vessel sanctions and trade prohibitions. The first and second amendments impose sanctions on an additional 77 individuals and 39 entities to Schedule… Continue reading Additional Sanctions and Trade Prohibitions in Latest Amendments to the…
In an effort to combat sanctions evasion, on August 19, 2024, recent amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (“PCMLTFA”) and its regulations came into force, expanding the reporting obligations for “reporting entities” The recent amendments include a newly created “sanctions evasion offense” under the PCMLTFA, which is defined as:… Continue reading Changes to Canada’s Sanctions Enforcement Regime
On June 21, 2024, Canada announced additional sanctions under the Special Economic Measures (Haiti) Regulations (the “Haiti Regulations”). Canada has sanctioned three “Haitian gang leaders” to address “the escalating gang violence in Haiti, which continues to have devastating effects on the Haitian population”. Canada has stated it has reason to believe that the listed individuals “have… Continue reading Canada Sanctions “Haitian Gang Leaders”
Canada has announced further amendments to the Special Economic Measures (Russia) Regulations (the “Regulations”). The first round of sanctions and additional export prohibitions were announced on June 13, 2024, effective June 12, 2024. The second round of sanctions was announced on June 18, 2024, effective June 13, 2024. The first round of sanctions adds 11… Continue reading Canada Issues Further Sanctions and Export Prohibitions Targeting Russia
Global Affairs Canada (“GAC”) has provided four new responses to “Frequently Asked Questions” concerning the application of the economic sanctions under the Special Economic Measures Act, S.C. 1992, c. 17 (the “SEMA”) and its associated regulations, as well as the Justice for Victims of Corrupt Foreign Officials Act (Sergei Magnitsky Law), S.C. 2017, c. 21… Continue reading New Guidance From GAC Regarding Canadian Sanctions
Canada has enacted new sanctions regulations against Guatemala under the Special Economic Measures Act, effective retroactively on February 16, 2024. The new Special Economic Measures (Guatemala) Regulations (the “Guatemala Regulations”), are intended to “support Canada’s ongoing efforts to support the democratically-elected Arévalo government and the people of Guatemala in their fight to strengthen democracy and… Continue reading Acts of Corruption in Guatemala Push Canada to Enact New…
Canada announced an additional round of sanctions under the Special Economic Measures (Russia) Regulations, SOR/2014-58 (the “Russia Regulations”) on December 12, 2023, effective retroactively as of December 8, 2023. This new round of sanctions adds 30 Russian nationals to Part 1 of Schedule 1 of the Russia Regulations. According to the news release from Global… Continue reading Additional Sanctions and Prohibitions Included in Latest Amendments to the…
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