ANNOUNCEMENT 08 Mar 2022

In March 2022, Canada imposed additional sanctions on 25 Belarusian enterprises in response to its facilitation of the Russian invasion of Ukraine. 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Government of Canada. Regulations Amending the Special Economic Measures (Belarus) Regulations (SOR/2022-049). 08/03/2022. Available at: https://www.international.gc.ca/world-monde/international_relations-relations_internationales/sanctions/belarus_regulations-reglement.aspx?lang=eng

Inception date: 08 Mar 2022 | Removal date: open ended

Controls on commercial transactions and investment instruments

On 8 March 2022, the government of Canada promulgated Regulations Amending the Special Economic Measures (Belarus) Regulations (SOR/2022-049), introducing new sanctions against 25 Belarusian entities by adding them in part 2 of the Schedule 1 of Special Economic Measures (Belarus) Regulations. The restrictions are introduced in reaction to Belarus' facilitation of the Russian invasion of Ukraine. 

The new restrictions prohibit all Canadian entities and individuals to engage in any commercial transactions with the sanctioned Belarusian enterprises. The list of entities falling under the new restrictions includes Absolutbank, Amkodor Holding, Belaruskali OAO, Belarusian Potash Company, Naftan Oil Refinery, Grodno Tobacco Factory 'Neman', Minsk Tractor Works, Belneftkhim, Emirates Blue Sky, Dubai Water Front, Belinvestbank, Belbizneslizing, Belinvest-Engineering, Bank Dabrabyt, State Authority for Military Industry of the Republic of Belarus (SAMI), Public Joint Stock Company Integral, 24x7 Panoptes, Sokhra, Synesis, Inter Tobacco, Minsk Wheel Tractor Plant, Belspetsvneshtechnika, Scientific and Production Limited Liability Company OKB TSP, 558 Aircraft Repair Plant, Minotor-Service. 

Apart from the aforementioned entities, the government also imposed sanctions on 19 individuals from Belarus for the "grave breach of international peace and security". 

The measure is part of the sanctions introduced by Canada against Belarus and Russia (see related state acts).  

AFFECTED SECTORS

 
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