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…
In response to Russia’s recognition of the so-called Donetsk People’s Republic (“DPR”) and Luhansk People’s Republic (“LPR”) on February 21, 2022, Canada has announced the imposition of new sanctions measures. Although detailed legislation regarding the new measures is not yet available, Prime Minister Justin Trudeau announced that the sanctions measures will: Impose restrictions on members of the Russian State Duma who voted in favour of the decision to recognize the independence of the two regions…