Author

Oscar Ramirez

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The G7 announced the creation of a new Enforcement Coordination Mechanism “to bolster compliance and enforcement of our measures and deny Russia the benefit of G7 economies” on the one-year anniversary of Russia’s invasion of Ukraine. Having focused on the enforcement of sanctions by the United States, United Kingdom, the European Union, Germany, France, and Italy in the past weeks, we continue our overview with enforcement trends in Canada. Our next instalment will look at sanctions enforcement from the perspective of…

On February 15, 2023, section 17.1 of the Special Import Measures Regulations (the “SIMR”) was amended to add Russia and Belarus to the list of countries determined to have non-market economies.[1] The amendments are the result of recent determinations by American, European, and Canadian agencies that found significant government intervention and price distortions in the Russian and Belarusian economies. Previously, section 17.1 prescribed only China, Tajikistan, and Vietnam as non-market economies. The distinguishing factor between…