On April 26, Canada amended its sanctions measures imposed on the so-called Donetsk People’s Republic (“DPR”) and Luhansk People’s Republic (“LPR”) by designating an additional 203 individuals under the schedule of designated persons. The new designations consist of individuals determined by the Government of Canada to be current senior officials or current or former members of the People’s Councils of the so-called DPR and LPR.
Generally speaking, the designation under the schedule imposes an asset freeze and dealings prohibition, subject to limited exceptions, which prohibits any person in Canada or any Canadian outside Canada to:
- deal in any property, wherever situated, held by or on behalf of a designated person;
- enter into or facilitate, directly or indirectly, any transaction related to such a dealing;
- provide any financial or other related services in respect of such a dealing;
- make available any goods, wherever situated, to a designated person; or
- provide any financial or related service to, or for the benefit of, a designated person.
Due to ongoing developments in the region, Canada may announce and implement further measures in alignment with its allies in the coming days. We will publish additional articles as measures are announced.
An unofficial copy of the legislative amendments to the Special Economic Measures (Ukraine) Regulations that came into effect on April 26th are available on Global Affairs Canada’s website at here.
