Backgrounder – Additional sanctions
Canada has imposed additional sanctions under the Special Economic Measures (Russia) Regulations to further intensify pressure on the Russian regime and its enablers.
These sanctions include:
- Prohibiting the export of certain additional advanced technology goods to Russia, including those used in the energy, aerospace, marine and other industrial sectors.
- Prohibiting the export of certain luxury goods to Russia.
- Prohibiting the import of gold from Russia.
- Expanding sanctions against Russian financial institutions, including the Central Bank of the Russian Federation.
- Imposing sanctions on additional Russian government officials, oligarchs and their family members.
- Imposing sanctions on additional Russian entities, including those involved in the defense, security and energy sectors.
These sanctions are part of Canada’s ongoing efforts to support Ukraine and hold Russia accountable for its aggression. Canada will continue to work with its allies and partners to coordinate sanctions and other measures to increase pressure on Russia and end its illegal invasion of Ukraine.
Additional information
The Special Economic Measures (Russia) Regulations were first imposed in 2014 in response to Russia’s illegal annexation of Crimea. These regulations have been amended several times since then, including in response to Russia’s ongoing aggression in Ukraine.
The additional sanctions announced today are intended to target Russia’s military-industrial complex and its ability to finance its war against Ukraine. The sanctions will also prohibit the import of gold from Russia, which is a major source of revenue for the Russian government.
Canada is committed to supporting Ukraine and holding Russia accountable for its aggression. The sanctions announced today are part of Canada’s ongoing efforts to achieve these goals.
Backgrounder – Additional sanctions
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