Economic Sanctions | Tereposky & DeRose LLP

Canada Sanctions Russian Manufacturing Industry

On July 14, 2022, Canada’s latest sanctions against Russia’s industrial manufacturing industry went into effect. Canada had previously announced these sanctions were incoming on July 9, 2022. These sanctions are issued under the Special Economic Measures (Russia) Regulations (“Russia Regulations”). Canada expanded its existing measures on Russia’s oil, gas and chemical sectors to include industrial manufacturing. Canada’s new sanctions prohibit Canadians and… Continue reading Canada Sanctions Russian Manufacturing Industry

Key Russian Economic Sectors as Potential Target for Upcoming Sanctions...

On July 9, 2022, Canada announced that it intends to further target key Russian sectors in a new round of sanctions against Russia under the Special Economic Measures (Russia) Regulations (“Russia Regulations”). These new sanctions “will expand existing measures on the oil, gas and chemical sectors to include industrial manufacturing”. Together, these sectors represent more than 50% of Russia’s federal budget… Continue reading Key Russian Economic Sectors as Potential Target for Upcoming Sanctions…

Russian Disinformation Targetted by Canada’s New Sanctions

On July 8, 2022, Canada announced a new round of sanctions against Russia, imposed under the Special Economic Measures Act by way of amendments to the Special Economic Measures (Russia) Regulations (“Russia Regulations”). The primary target of this latest round of sanctions is the Russian disinformation and propaganda campaigns. The new measures consist of sanctions against fifteen (15) Russian disinformation entities controlled or… Continue reading Russian Disinformation Targetted by Canada’s New Sanctions

Canada’s Latest Sanctions Against Russia, Belarus, Ukranian Individuals

On June 27, 2022, Canada announced a new round of sanctions against Russia and Belarus and against Ukrainian individuals imposed under the Special Economic Measures Act by way of amendments to the Special Economic Measures (Russia) Regulations (“Russia Regulations”), the Special Economic Measures (Belarus) Regulations (“Belarus Regulations”), and the Special Economic Measures (Ukraine) Regulations (“Ukraine Regulations”). Russia Regulations The new Russian sanctions prohibit the trade with Russia of certain… Continue reading Canada’s Latest Sanctions Against Russia, Belarus, Ukranian Individuals

Canada Expands Sanctions Against Russia to Include the Provision of...

On June 6, 2022, Canada announced a new round of sanctions against Russia imposed under the Special Economic Measures Act by way of amendment to the Special Economic Measures (Russia) Regulations (“Russia Regulations”). The June 6, 2022 amendments to the Russia Regulations “impose a ban on the export of 28 services vital for the operation of the oil, gas and chemical industries, including… Continue reading Canada Expands Sanctions Against Russia to Include the Provision of…

Canada Expands Sanctions to Include Additional Individuals and Entities

On May 31, 2022, Global Affairs Canada announced a new round of sanctions against Russia imposed under the Special Economic Measures Act by way of amendment to the Special Economic Measures (Russia) Regulations (“Russia Regulations”). Global Affairs Canada indicated these sanctions are intended to exert further pressure on the Russian regime in response to President Vladimir Putin’s… Continue reading Canada Expands Sanctions to Include Additional Individuals and Entities

Canada’s Sanctions Against Russia Undergo Further Expansion

On April 19, 2022, Canada further amended the Special Economic Measures (Russia) Regulations to list an additional 14 individuals, including President Putin’s alleged daughters, Katerina Vladimirovna Tikhonova and Maria Vladimirovna Vorontsova. This takes the number of “designated persons” under the Regulations up to a total of 743. According to Global Affairs Canada, additions to the list of… Continue reading Canada’s Sanctions Against Russia Undergo Further Expansion

Canada Targets Russian Defence Sector in New Round of Sanctions

On April 8, 2022, Canada further amended the Special Economic Measures (Russia) Regulations to list an additional 33 entities that it has identified in Russia’s defence sector. In a related News Release, the Honourable Mélanie Joly, Minister of Foreign Affairs, announced that Canada is adding these entities to the designated list under the Regulations on the grounds that… Continue reading Canada Targets Russian Defence Sector in New Round of Sanctions

Canada Expands Sanctions Targeting Russia

On April 5, 2022, Canada further amended the Special Economic Measures (Russia) Regulations to prohibit the provision of all insurance, reinsurance, and underwriting services for aircraft, aviation and aerospace products either owned by, controlled by, registered to, chartered by, or operated by entities and individuals resident, incorporated, or domiciled in Russia. This amendment also listed an additional… Continue reading Canada Expands Sanctions Targeting Russia

Canada Imposes Further Sanctions Against Belarus

On March 9, 2022, Canada announced further sanctions against Belarus imposed under the Special Economic Measures Act by way of amendments to the Special Economic Measures (Belarus) Regulations (“Belarus Regulations”). Earlier this month, Canada also stripped Russia and Belarus of their “most-favored-nation” trade status. Between September 29, 2020, and December 2, 2021, Canada imposed a series of sanctions, mostly in… Continue reading Canada Imposes Further Sanctions Against Belarus

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Category: Economic Sanctions