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

5 in force

Implementation date

21 May 2025

Revocation date:

No revocation date

Controls on commercial transactions and investment instruments

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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Controls on commercial transactions and investment instruments

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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Controls on commercial transactions and investment instruments

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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Controls on commercial transactions and investment instruments

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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Controls on commercial transactions and investment instruments

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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Implementation date

25 Feb 2025

Revocation date:

No revocation date

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

25 Feb 2025

Revocation date:

No revocation date

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

21 Feb 2025

Revocation date:

No revocation date

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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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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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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