Update on Canadian Sanctions Related to Russia

• On February 24, 2022, Canada further amended the Special Economic Measures (Russia) Regulations twice. In the first instance, amendments were made in response to the Russian recognition of the independence and sovereignty of Ukraine’s Donetsk so called people’s Republic (DNR) and Luhansk people’s Republic (LNR) regions and added 351 members of the State Duma to Schedule 1, three (3) entities to Schedule 3.1, two (2) entities to Schedule 1, new prohibitions on Russian sovereign debt, and new criteria for listing targets. In the second instance, amendments were made in response to the Russian military attack against Ukraine’s territory in the so called DNR and LNR regions and added 31 new individuals and 19 new entities to Schedule 1 of the Regulations. These are subject to a broad dealings ban. In addition, five (5) entities were moved from Schedule 2 to Schedule 1 and three (3) entities were moved from Schedule 3 to Schedule 1, which resulted in broader prohibitions imposed on these entities.

• On February 28, 2022, Canada further amended the Special Economic Measures (Russia) Regulations to add eighteen members of the Security Council of the Russian Federation responsible for these actions, including President Vladimir Putin, Foreign Minister Sergei Lavrov, Minister of Defence Sergei Shoigu, Minister of Justice Konstantin Chuychenko, and Finance Minister Anton Siluanov. The amendments also moved three entities from Schedule 3.1 to Schedule 1.

• On March 4, 2022, Canada further amended the Special Economic Measures (Russia) Regulations to add 10 executives in the energy sector, working for the state-owned or controlled oil entities Rosneft or Gazprom.

• On March 6, 2022, Canada further amended the Special Economic Measures (Russia) Regulations to add 10 current or former senior government officials and their close associates, as well as agents of disinformation. Canada also prohibited any ship that is registered in Russia or used, leased or chartered, in whole or in part, by or on behalf of or for the benefit of Russia, a person in Russia or a designated person from docking in Canada or passing through Canadian waters.

• On March 10, 2022, Canada further amended the Special Economic Measures (Russia) Regulations to add 32 defense entities, most of which are owned by the state or have contracts with the Government of Russia; to add five (5) individuals who are current and former senior officials and associates of the regime; as well as to prohibit any person in Canada and any Canadian outside Canada from importing specific petroleum products listed in a new Schedule 5.

• On March 14, 2022, Canada further amended the Special Economic Measures (Russia) Regulations to add 15 senior officials of the Government of Russia, who are now subject to a broad dealings ban.

This information was published by the Government of Canada. To read the original article go to:  https://www.international.gc.ca/world-monde/international_relations-relations_internationales/sanctions/russia-russie.aspx?lang=eng