Special Economic Measures (Russia) Regulations and the Special Economic Measures (Ukraine) Regulations

March 29, 2021

The Honourable Marc Garneau, Minister of Foreign Affairs, today announced new sanctions under The Special Economic Measures (Russia) Regulations and the Special Economic Measures (Ukraine) Regulations. The regulations impose asset freezes and dealings prohibitions on listed persons and entities by prohibiting persons in Canada and Canadians outside of Canada from dealing in any property of these individuals or providing financial or related services to them. Canada’s new measures align with actions taken by the European Union and the United Kingdom, and are being announced in coordination with Australia and adds to previously imposed sanctions.

Further details are available on the Global Affairs Canada website.

Topic(s)

Acts & Regulations

Exports

Information source

Global Affairs Canada (GAC)

Disclaimer

The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.

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