On March 4, Canada amended its sanctions measures to designate an additional 10 individuals under Schedule 1. These new designations are individuals identified by the Canadian Government as executives of Rosneft and Gazprom. On March 6, Canada further amended Schedule 1 to designate 10 more individuals determined by the Canadian Government to be current or former senior government officials, their close associates or so-called “agents of disinformation.” The designation under Schedule 1 imposes an asset…
On March 2, 2022, the Canadian government issued an order removing Most Favoured Nation status from Russia and Belarus. The measure comes as a further response to Russia’s invasion of Ukraine and support provided by Belarus. The effect of the withdrawal of Most-Favoured-Nation status from Russia and Belarus is that the duty rate on goods from these jurisdictions will increase to 35% (the General Tariff rate). This measure comes in addition to several trade measures…
On February 28, Canada further amended its sanctions measures on the Russian Federation to: designate 18 individuals including Russian President Vladimir Putin, Foreign Minister Sergei Lavrov, Defence Minister Sergey Shoigu, other members of the Russian Security Council and other Russian officials under Schedule 1;transfer the designation of the Central Bank of the Russian Federation, National Wealth Fund of the Russian Federal and Ministry of Finance of the Russian Federation from Schedule 3.1 to Schedule 1.…
On February 24, 2022 the Canadian Government published amendments to the Special Economic Measures (Russia) Regulations and Special Economic Measures (Ukraine) Regulations (the “Amended Regulations”). The Amended Regulations impose new sanctions measures against Russia and the areas controlled by the so-called Donetsk People’s Republic (“DPR”) and Luhansk People’s Republic (“LPR”). Specifically, the Amended Regulations aim to implement measures announced by Prime Minster Justin Trudeau on February 22, 2022 in response to Russia’s recognition of the…