Global Trade Alert
Global Trade Alert

Canada: Additional sanctions on trade with Russia and Russian entities

Announcement

24 Feb 2023

In February 2023, the government of Canada announced additional sanctions on Russian individuals and entities as well as trade restrictions in response to the invasion of Ukraine. 

Source

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

3 in force

Implementation date

23 Feb 2023

Revocation date:

No revocation date

Controls on commercial transactions and investment instruments In force

On 23 February 2023, the government of Canada imposed sanctions on over 40 Russian commercial entities in response to the Russian invasion of Ukraine. The measure was introduced in Regulations Amendin...

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Export ban In force

On 23 February 2022, the government of Canada promulgated Regulations Amending the Special Economic Measures (Russia) Regulations (SOR/2023-032), prohibiting the exportation of chemical elements used ...

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Import ban In force

On 23 February 2023, the government of Canada promulgated Regulations Amending the Special Economic Measures (Russia) Regulations (SOR/2023-032), prohibiting the importation of arms and related goods ...

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Related State Acts

03 Mar 2022

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

10 Mar 2022

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

24 Mar 2022

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

26 Feb 2022

Canada: Government announces sanctions on "selected Russian banks"

23 Mar 2022

Canada: EDC withdraws export finance support to Russia and Belarus

06 Mar 2022

Canada: Government prohibits any Russian ship from entering Canada

22 Feb 2022

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

08 Mar 2022

Canada: Government tightens investment review for Russian investors

05 Apr 2022

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

24 Feb 2022

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

11 Apr 2022

Canada: Government imposes sanctions on 33 Russian defence companies

06 May 2022

Canada: Sanctions against Russian defence companies

20 May 2022

Canada: New restrictions on trade with Russia

31 May 2022

Canada: Sanctions against 4 Russian financial entities

08 Jun 2022

Canada: Government bans the exports of 28 services to Russia

27 Jun 2022

Canada: Additional sanctions against Russia and Belarus

08 Jul 2022

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

14 Jul 2022

Canada: Further sanctions on Russian oil, gas, chemical and manufacturing industries

29 Jul 2022

Canada: Sanctions on 17 Russian commercial entities

19 Aug 2022

Canada: Government imposes sanctions on Concern Avtomatika

14 Oct 2022

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

28 Oct 2022

Canada: Government sanctions more Russian energy companies

02 Dec 2022

Canada: Government prohibits the provision of financial and transport services related to Russian oil above USD 60 per barrel

03 Feb 2023

Canada: Price cap on seaborne petroleum products from Russia

03 Feb 2023

Canada: Sanctions against more Russian media entities

10 Mar 2023

Canada: Import ban on Russian aluminium and steel

11 Apr 2023

Canada: New sanctions on Russian companies (April 2023)

19 May 2023

Canada: New sanctions against over 20 Russian entities (May 2023)

19 May 2023

Canada: Sanctions against a Russian publishing company

19 Jul 2023

Canada: Sanctions on Russian entities and arms exports restrictions (July 2023)

19 Jul 2023

Canada: Government imposes sanctions on Russian news companies (July 2023)

22 Aug 2023

Canada: Additional sanctions against Russian military and nuclear sectors (August 2023)

20 Sep 2023

Canada: Additional sanctions against certain Russian entities (September 2023)

09 Nov 2023

Canada: Additional sanctions against Russia in the context of the invasion of Ukraine (November 2023)

05 Dec 2023

Canada: Restriction on the trade of diamond and related products with Russia

21 Feb 2024

Canada: Additional sanctions against Russia (February 2024)

16 May 2024

Canada: Sanctions against Russian entities in relation to the invasion of Ukraine and arms trade with North Korea (May 2024)

12 Jun 2024

Canada: Sanctions on certain Russian entities and trade restrictions related to the invasion of Ukraine (June 2024)

14 Feb 2025

Canada: Government adds two entities to the sanctions list for alleged sanctions circumvention (February 2025)

21 Feb 2025

Canada: Government announces new trade and financial sanctions on several entities and Russian "shadow fleet" (February 2025)

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