Global Trade Alert
Global Trade Alert

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

Announcement

21 Feb 2025

In February 2025, the government of Canada announced a new package of sanctions against Russia, including sanctions on various entities, vessels from the alleged Russian "shadow fleet", and export controls. 

Source

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Number of interventions

10

9 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

21 May 2025

Revocation date:

No revocation date

Updated: 21 Feb 2025
Controls on commercial transactions and investment instruments In force
On 21 February 2025, the government of Canada added two Cyprus-based entities to Part 2 of Schedule 1 of the Special Economic Measures (Russia) Regulations. The new restrictions impose a dealings ban ...
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Updated: 21 Feb 2025
Controls on commercial transactions and investment instruments In force
On 21 February 2025, the government of Canada added Fast Bunkering Holding Ltd, a Latvian entity, to Part 2 of Schedule 1 of the Special Economic Measures (Russia) Regulations. The new restrictions im...
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Updated: 21 Feb 2025
Controls on commercial transactions and investment instruments In force
On 21 February 2025, the government of Canada added several mainland China-based entities to Part 2 of Schedule 1 of the Special Economic Measures (Russia) Regulations. The new restrictions impose a d...
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Updated: 21 Feb 2025
Controls on commercial transactions and investment instruments In force
On 21 February 2025, the government of Canada added several Hong Kong-based entities to Part 2 of Schedule 1 of the Special Economic Measures (Russia) Regulations. The new restrictions impose a dealin...
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Updated: 21 Feb 2025
Controls on commercial transactions and investment instruments In force
On 21 February 2025, the government of Canada added Belmagistralavtotrans Speditions GmbH to Part 2 of Schedule 1 of the Special Economic Measures (Russia) Regulations. The new restrictions impose a d...
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Implementation date

25 Feb 2025

Revocation date:

No revocation date

Updated: 21 Feb 2025
Export ban In force
On 25 February 2025, the government of Canada issued Regulations Amending the Special Economic Measures (Russia) Regulations (SOR/2025-33), adding several products under HS chapter 8482 to Schedule 7 ...
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Implementation date

25 Feb 2025

Revocation date:

No revocation date

Updated: 21 Feb 2025
Export ban In force
On 25 February 2025, the government of Canada issued Regulations Amending the Special Economic Measures (Russia) Regulations (SOR/2025-33, removing several products from Schedule 7 of the Special Econ...
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Implementation date

21 Feb 2025

Revocation date:

No revocation date

Updated: 21 Feb 2025
Foreign customer limit In force
On 21 February 2025, the Canadian government issued Regulations Amending the Special Economic Measures (Russia) Regulations (SOR/2025-33), which prohibited 109 Russian "shadow fleet" vessels* from doc...
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Updated: 21 Feb 2025
Controls on commercial transactions and investment instruments In force
On 21 February 2025, the government of Canada added two Iranian entities to Part 2 of Schedule 1 of the Special Economic Measures (Russia) Regulations. The new restrictions impose a dealings ban and a...
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Updated: 21 Feb 2025
Controls on commercial transactions and investment instruments In force
On 21 February 2025, the government of Canada added 12 Russian entities to Part 2 of Schedule 1 of the Special Economic Measures (Russia) Regulations. The new restrictions impose a dealings ban and an...
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Related State Acts

26 Mar 2026

Canada: Sanctions against 4 Iranian entities (March 2026)

17 Jun 2025

Canada: Restrictions on trade with Russia and sanctions against the Russian quantum sector (June 2025)

17 Jun 2025

Canada: Sanctions on various firms and vessels under the Special Economic Measures (Russia) Regulations (June 2025)

14 Feb 2025

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

12 Jun 2024

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

16 May 2024

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

23 Apr 2024

Canada: Permission for Airbus to use Russian titanium

29 Feb 2024

Canada: Additional restrictions on Russian diamond imports (February 2024)

21 Feb 2024

Canada: Additional sanctions against Russia (February 2024)

05 Dec 2023

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

09 Nov 2023

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

20 Sep 2023

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

22 Aug 2023

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

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)

08 Jun 2023

Canada: Sanctions against certain entities in the context of Russian invasion of Ukraine (June 2023)

19 May 2023

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

19 May 2023

Canada: Sanctions against a Russian publishing company

11 Apr 2023

Canada: New sanctions on Russian companies (April 2023)

10 Mar 2023

Canada: Import ban on Russian aluminium and steel

24 Feb 2023

Canada: Additional sanctions on trade with Russia and Russian entities

03 Feb 2023

Canada: Price cap on seaborne petroleum products from Russia

03 Feb 2023

Canada: Sanctions against more Russian media entities

02 Dec 2022

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

28 Oct 2022

Canada: Government sanctions more Russian energy companies

14 Oct 2022

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

02 Sep 2022

Canada: Government commits to a price cap on Russian oil and petroleum products exports

29 Jul 2022

Canada: Sanctions on 17 Russian commercial entities

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