Category: Economic Sanctions

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

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

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

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

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

On March 10, 2022, Canada again amended the Special Economic Measures (Russia) Regulations to add 32 defense entities.  Most of these entities are owned by the state or have contracts with the Government of Russia.  Specifically, Canada has added five individuals who are “current and former senior officials and associates of the regime”.  It also, in this… Continue reading Canada Expands Sanctions Against Russia in Further Response to Ongoing…