Global Trade Alert
Global Trade Alert

Canada: Government announces sanctions on "selected Russian banks"

Announcement

26 Feb 2022

In February 2022, the Canadian government announced the prohibition for selected Russian banks to use services provided by SWIFT.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

26 Feb 2022

Revocation date:

No revocation date

Controls on commercial transactions and investment instruments In force

On 26 February 2022, the Canadian government issued a joint statement with other G7 countries introducing economic sanctions on Russia in response to the invasion of Ukraine. The selected Russian bank...

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