Global Trade Alert
Global Trade Alert

Canada: EDC withdraws export finance support to Russia and Belarus

Announcement

23 Mar 2022

In March 2022, Export Development Canada (EDC) announced the withdrawal of any new export finance assistance for Russia and Belarus. 

Source

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Number of interventions

2

0 certainly harmful

0 likely harmful

2 liberalising

List of interventions

Implementation date

23 Mar 2022

Revocation date:

No revocation date

Announced: 23 Mar 2022
Financial assistance in foreign market In force
On 23 March 2022, Export Development Canada (EDC) announced the withdrawal of support for exports to Russia and Belarus. With the decision's entry into force, Canadian enterprises will lose support f...
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Announced: 23 Mar 2022
Trade finance In force
On 23 March 2022, Export Development Canada (EDC) announced that it would not grant financial support for exports to Russia and Belarus. The agency introduced the measure as part of the sanctions agai...
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Related State Acts

Announced: 27 Jan 2025

Canada: Sanctions against Belarusian entities (January 2025)

Announced: 08 Aug 2024

Canada: Sanctions against six Belarusian entities in relation to human rights abuses and the conflict in Ukraine (August 2024)

Announced: 09 Aug 2023

Canada: Sanctions against 4 Belarusian commercial entities (August 2023)

Announced: 19 May 2023

Canada: Sanctions against a Russian publishing company

Announced: 11 Apr 2023

Canada: New sanctions on Russian companies (April 2023)

Announced: 05 Apr 2023

Canada: Sanctions against Belarusian companies (April 2023)

Announced: 10 Mar 2023

Canada: Import ban on Russian aluminium and steel

Announced: 24 Feb 2023

Canada: Additional sanctions on trade with Russia and Russian entities

Announced: 03 Feb 2023

Canada: Sanctions against more Russian media entities

Announced: 22 Nov 2022

Canada: Sanctions against 15 Belarusian commercial entities

Announced: 28 Oct 2022

Canada: Government sanctions more Russian energy companies

Announced: 14 Oct 2022

Canada: Government imposes sanctions on the Russian state-owned TV network

Announced: 29 Sep 2022

Canada: Government expands sanctions to the Kherson and Zaporizhzhia regions of Ukraine

Announced: 19 Aug 2022

Canada: Government imposes sanctions on Concern Avtomatika

Announced: 29 Jul 2022

Canada: Sanctions on 17 Russian commercial entities

Announced: 08 Jul 2022

Canada: Government imposes sanctions on Russian media companies and prohibits gold imports

Announced: 27 Jun 2022

Canada: Additional sanctions against Russia and Belarus

Prolonged: 09 Jun 2025

Canada: Customs duty remission on goods originating from Ukraine

Announced: 08 Jun 2022

Canada: Government bans the exports of 28 services to Russia

Announced: 31 May 2022

Canada: Sanctions against 4 Russian financial entities

Announced: 20 May 2022

Canada: New restrictions on trade with Russia

Announced: 06 May 2022

Canada: Sanctions against Russian defence companies

Announced: 11 Apr 2022

Canada: Government imposes sanctions on 33 Russian defence companies

Announced: 05 Apr 2022

Canada: Government prohibits provision of insurance services to Russian aviation and aerospace industries

Announced: 05 Apr 2022

Canada: Government restricts export of insurance services and certain goods and technologies to Belarus

Announced: 24 Mar 2022

Canada: Government bans the exports of certain goods and technologies to Russia

Announced: 23 Mar 2022

United States of America: US EXIM withdraws government-backed export finance to Russia and Belarus

Announced: 15 Mar 2022

United Kingdom: UK government stops government-backed export finance to Russia and Belarus

Announced: 10 Mar 2022

Canada: Government bans petroleum imports from Russian and imposes sanctions on Russian entities

Announced: 08 Mar 2022

Canada: Government tightens investment review for Russian investors

Announced: 08 Mar 2022

Canada: Additional sanctions against Belarusian entities

Announced: 06 Mar 2022

Canada: Government prohibits any Russian ship from entering Canada

To be prolonged: 12 Oct 2022

Canada: Government withdraws the Most-Favoured-Nation tariff treatment from Russia and Belarus

Announced: 27 Feb 2022

Canada: Government closes airspace to Russian aircraft

Announced: 26 Feb 2022

Canada: Government announces sanctions on "selected Russian banks"

Announced: 24 Feb 2022

Canada: Government imposes a broad dealings ban on the DNR and LNR regions of Ukraine

Announced: 24 Feb 2022

Canada: Government imposes sanctions on Russian entities in response to Ukraine invasion

Announced: 22 Feb 2022

Canada: Government imposes sanctions on Russian banks and sovereign debt on account of the recognition of Donetsk and Luhansk regions

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