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Canada Announces Further Sanctions

Canada is imposing additional asset freezes and travel bans against Russian individuals, and economic sanctions against additional Russian arms manufacturers and one financial institution.

Individuals

  • General Dmitry Vitalievich Bulgakov, senior official in the Russian Armed Forces
  • Lieutenant-General Yuriy Eduardovich Sadovenko, senior official in the Russian Armed Forces
  • Colonel-General Nikolay Bogdanovskiy, senior official in the Russian Armed Forces
  • Colonel-General Oleg Leonidovich Salyukov, senior official in the Russian Armed Forces

Entities

  • OJSC Dolgoprudny Research Production Enterprise (DNPP)
  • JSC Kalinin Machine-Building Plant (MZiK)
  • Mitischinskii Machine-Building Plant OAO (MMZ)
  • V. Tikhomirov Scientific Research Institute of Instrument Design (NIIP)
  • Marine Scientific Research Institute of Radioelectronics Altair (MNIIRE “Altair”)

Financial institutions

  • Sberbank
  • Additional restrictions to the terms under which designated Russian banks can access capital markets, by prohibiting the issuance of any loan carrying a maturation date greater than 30 days.

This has been excerpted from a 16 September 2014 news release by Foreign Affairs, Trade and Development Canada.

Topic(s)

Trade Agreements

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.