Vincent DeRose | Tereposky & DeRose LLP

Canada Announces Additional Sanctions and Amendments to the Russia Regulations

On June 16, 2026, Canada announced new amendments to the Special Economic Measures (Russia) Regulations (the “Regulations”). These amendments, effective as of June 12, 2026, repeal subsections 8(3) and 8(4) of the Regulations, which previously required the Minister of Foreign Affairs (the “Minister”) to make a decision on delisting applications within 90 days of receipt… Continue reading Canada Announces Additional Sanctions and Amendments to the Russia Regulations

Individuals, Entities, and Vessels Targeted in Latest Amendments to the...

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…

Additional Sanctions and Trade Prohibitions in Latest Amendments to the...

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…

Changes to Canada’s Sanctions Enforcement Regime

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

Additional Sanctions and Prohibitions Included in Latest Amendments to the...

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…

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…

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