ANNOUNCEMENT 06 May 2022

In March 2022, Canada imposed additional sanctions on 5 Russian defence entities, 4 of which are commercial, in response to the Ukraine attack. 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Regulations Amending the Special Economic Measures (Russia) Regulations (SOR/2022-98). 06/05/2022. Available at: https://www.international.gc.ca/world-monde/international_relations-relations_internationales/sanctions/russia_regulations-reglement_russie17.aspx?lang=eng

Inception date: 06 May 2022 | Removal date: open ended

Controls on commercial transactions and investment instruments

On 6 May 2022, the government of Canada promulgated Regulations Amending the Special Economic Measures (Russia) Regulations (SOR/2022-98), introducing new sanctions against 4 commercial Russian defence entities by adding them in part 2 of the Schedule 1 of Special Economic Measures (Russia) Regulations. The restrictions are introduced in response to Russia's invasion of Ukraine. 

The new restrictions prohibit all Canadian entities and individuals to engage in any commercial transactions with the sanctioned Russian enterprises. The list of commercial entities falling under the new restrictions includes Zelenodolsk Shipyard JSC, Military Industrial Company LLC, UEC Klimov JSC, and KAMAZ PTC. The sanctioned entities operate in the shipbuilding, military vehicles, gas turbine, and truck production sectors. 

Apart from the aforementioned entities, the government also imposed sanctions on 19 Russian "senior defence officials" as well as on Rosgvardia, the internal security enforcement agency.

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

AFFECTED SECTORS

 
N/A