Tag: Economic Sanctions

On September 29, 2020, Canada, in coordination with the UK, imposed sanctions against 11 Belarusian officials under the Special Economic Measures (Belarus) Regulations (the “Regulations”). This action was followed by controversial presidential elections on August 9, 2020, which were strongly condemned by Canada. Further sanctions against an additional 31 Belarusian officials were introduced by Canada… Continue reading Canada Expands Economic Sanctions Against Belarus

On January 29, 2020, Canada amended the list of designated persons under the Special Economic Measures (Ukraine) Regulations (“the Ukraine Regulations”) adding 6 individuals. As a result, Canada now imposes an asset freeze and dealings prohibition on 202 individuals under the updated Ukraine Regulations. Since entering into force on March 17, 2014, the Ukraine Regulations… Continue reading Canada Expands Economic Sanctions Against Ukraine

Since March, 2014, Canada has imposed economic sanctions against Russia pursuant to the Special Economic Measures (Russia) Regulations (“the Regulations”). The Regulations impose an asset freeze and dealings prohibition on designated persons, which include both individuals and entities. The Regulations also impose restrictions on the financial sector. Specifically, they prohibit dealings in certain types of debt and… Continue reading Canada Expands Economic Sanctions Against Russia

On October 18, 2017, the Justice for Victims of Corrupt Foreign Officials Act (also referred to as the “Sergei Magnitsky Law”), received Royal Assent. This Act introduces a new legal framework that enables Canada to impose targeted sanctions and travel bans on foreign nationals complicit in “extrajudicial killings, torture or other gross violations of internationally recognized human… Continue reading Justice for Victims of Corrupt Foreign Officials Act Comes Into…

The Standing Committee on International Affairs and International Development recently released its report entitled “A Coherent and Effective Approach to Canada’s Sanctions Regimes: Sergei Magnitsky and Beyond”. The report looks at the effectiveness of sanctions as a foreign policy tool, and considers the regulatory and administrative structures the Government of Canada has put in place… Continue reading Parliamentary Standing Committee Calls For Improvements in Canada’s Sanctions Regime