Economic Sanctions | Tereposky & DeRose LLP

Moldova Subject to Additional Round of Canadian Sanctions

Canada has announced a new round of sanctions under the Special Economic Measures (Moldova) Regulations, SOR/2023-109 (the “Moldova Regulations”) targeting alleged “Russian collaborators”. These new sanctions target nine individuals believed by Canada to be associated with “influential oligarchs”, as well as six television stations that are alleged to “promote and disseminate Russian disinformation”. These sanctions… Continue reading Moldova Subject to Additional Round of Canadian Sanctions

Members of the “Haitian Economic Elite” Sanctioned by Canada

On September 21, 2023, Canada announced further sanctions under the Special Economic Measures (Haiti) Regulations (the “Haiti Regulations”). Canada has sanctioned three elite businessmen, “who are fueling the violence and instability in Haiti by engaging in significant acts of corruption”. Specifically, Canada finds that these individuals have fostered a “climate of impunity” in Haiti, by… Continue reading Members of the “Haitian Economic Elite” Sanctioned by Canada

Canada Issues New Sanctions Against Iran

On September 15, 2023, Canada released new sanctions under Schedule 1 of the Special Economic Measures (Iran) Regulations (the “Iranian Regulations”). The sanctions target six individuals for what Canada has identified as involvement in activities that constitute gross and systemic human rights violations. Canada states that those targeted are connected to Iran’s Supreme Council for… Continue reading Canada Issues New Sanctions Against Iran

Russian Military, Financial and Nuclear Sectors Sanctioned by Canada

On August 22, 2023, the Government of Canada released new sanctions under Schedule 1 of the Special Economic Measures (Russia) Regulations (the “Russian Regulations”). The sanctions target four individuals and 29 entities connected to Russia’s military-industrial complex, financial institutions, and nuclear sector. These newly targeted individuals include persons identified by Canada to be involved in… Continue reading Russian Military, Financial and Nuclear Sectors Sanctioned by Canada

Canada Targets Russian Justice and Security Sectors in Newest Round...

On August 18, 2023, Canada announced new sanctions under the Special Economic Measures (Russia) Regulations (the “Russia Regulations”), effective retroactively as of August 17, 2023, targeting individuals and entities of the Russian justice and security sectors. This recent amendment adds 15 individuals and three entities to Schedule 1 of the Russia Regulations. The sanctioned individuals… Continue reading Canada Targets Russian Justice and Security Sectors in Newest Round…

August 2023 Sanctions Update: Changes to the Definition of “Listed...

During the first half of August, Canada has amended 13 sanctions regulations enacted under the Special Economic Measures Act (the “SEMA”) to broaden the scope of individuals who may be subject to sanctions under these sanctions regimes. In addition, Canada has issued new sanctions against Iran and Belarus, and has added three Lebanese individuals to… Continue reading August 2023 Sanctions Update: Changes to the Definition of “Listed…

Russia’s “Military Industrial Complex” and Russian Celebrities Subject to New...

On July 20, 2023, Canada announced new sanctions under the Special Economic Measures (Russia) Regulations (the “Russia Regulations”) targeting individuals and entities associated with Russia’s “military industrial complex” and Russian efforts to “Russify Ukraine’s culture”. The amendments also create additional prohibitions associated with “arms and related material” under section 3.13 of the Russia Regulations. These… Continue reading Russia’s “Military Industrial Complex” and Russian Celebrities Subject to New…

Canada Sanctions: June Update

During the month of June, Canada has issued new sanctions targeting individuals and entities in Ukraine, Haiti, and Iran. It has also enacted new sanctions regulations to target Russian collaborators in Moldova. Further, the Senate Standing Committee on Foreign Affairs and International Trade released a report regarding its legislative review of the Justice of Victims… Continue reading Canada Sanctions: June Update

New Sanctions Announced Against Russia

On May 19, 2023, at the G7 Leaders’ Summit in Hiroshima, Japan, Prime Minister Justin Trudeau announced two new packages of sanctions under the Special Economic Measures (Russia) Regulations, effective retroactively as of May 18, 2023. These new sanctions are intended to “apply pressure on Russia to end its war of choice”. The first set… Continue reading New Sanctions Announced Against Russia

Eleventh Package of Sanctions Announced Against Iran “For Continued Human...

On May 3, 2023, Canada announced additional sanctions, effective retroactively as of April 28, 2023, against one Iranian entity and nine Iranian individuals under the Special Economic Measures (Iran) Regulations (the “Iran Regulations”) for “their role in gross and systemic human rights violations”. The individuals listed include members of the “so-called Morality Police unit that… Continue reading Eleventh Package of Sanctions Announced Against Iran “For Continued Human…

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Tag: Economic Sanctions