On August 23, 2022, Canada announced additional amendments to its sanctions measures imposed against Russia, designating an additional sixty-two individuals and one defence sector entity under Schedule 1. These amendments came into force on August 19, 2022. Among the sixty-two newly designated individuals are senior and high-ranking government officials, including Russian federal governors and regional heads, as well as family members and senior defence officials of previously-listed entities.
Generally speaking, the designation under Schedule 1 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, that is owned, held or controlled by or on behalf of a designated person whose name is listed in Schedule 1;
- 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 listed in Schedule 1 or to a person acting on their behalf; or
- provide any financial or related service to, or for the benefit of, a designated person listed in Schedule 1.
Due to ongoing developments in the region, Canada may announce and implement further measures in alignment with its allies.
An unofficial copy of the legislative amendments to the Special Economic Measures (Russia) Regulations that came into effect on August 19, 2022 are available on Global Affairs’ website at here and here.