On October 31, 2023, the US, UK, and Canadian governments imposed further coordinated sanctions against Myanmar (Burma) through designations of individuals and entities associated with Myanmar’s military regime and a US prohibition on the provision of financial services to Myanma Oil and Gas Enterprise (“MOGE”). The measures aim to prevent the Burmese military from obtaining access to arms and other supplies and are part of an effort to unify sanctions measures on Myanmar across the…
On October 18, 2023, Canada announced further amendments to the Special Economic Measures (Iran) Regulations (the “Regulations”) that came into effect on the same day. The amendments incorporate prohibitions that are set to expire under theUnited Nations Security Council Resolution 2231 (the “UNSCR 2231”) that are applicable to certain Iranian individuals and entities. The UNSCR 2231 was adopted in 2015 to implement the Joint Comprehensive Plan of Action (the “JCPOA”) which contains measures to ensure that Iran’s nuclear programs…
On October 17, 2023, Canada announced amendments to the Special Economic Measures (Moldova) Regulations (the “Regulations”) sanctioning Russian collaborators in Moldova. The amendments list an additional nine individuals and six entities under the Schedule of the Regulations and took effect on October 16, 2023. These sanctions are announced in the context of the fourth meeting of the Moldova Support Platform occurring in Chisinau, Moldova. The platform coordinates international support for Moldova in the midst of the crisis…
In May 2023, the Canada Border Services Agency (CBSA) introduced amendments (Amendments) to the Valuation for Duty Regulations which, if passed, would alter existing Canadian customs valuation rules. The proposed amendments outline which “sale” is to be used when calculating the value for duty of imported goods to Canada. The Amendments propose a “last sale” approach to customs valuation, which has the potential to increase the declared value for duty of imported goods, directly increasing…