CANADA EXPANDS ITS RUSSIA SANCTIONS

Canada has announced that it is imposing asset freezing measures and travel bans on 20 more Russian and Ukrainian individuals, and new export restrictions on technologies used in Russia’s oil exploration and extractive sector.  The Prime Minister made the following statement yesterday:

“Canada will not accept the illegal occupation of Crimea and persistent, provocative military activity in eastern Ukraine.  As such, we are once again announcing additional economic sanctions and travel bans against Russian and Ukrainian individuals. We are also imposing new restrictions on the export of technology used in Russia’s oil exploration and extractive sector and further defining existing debt and equity financing prohibitions.

The sanctions we have taken to date, in close collaboration with our allies and partners, are putting real economic pressure on Russia to cease militarism in Ukrainian territory.”

The additional names are here.

This entry was posted in Canada, Russia, Ukraine by Maya Lester QC. Bookmark the permalink.

About Maya Lester QC

Maya Lester QC has a wide ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. As the most recent (2016) Chambers & Partners directory put it, she "owns the world of sanctions". She spent 2011-12 in New York at Columbia Law School lecturing and writing on sanctions. She represents and advises hundreds of companies and individuals before the European and English courts and has acted in most of the leading cases, including Kadi, Tay Za, Central Bank of Iran, NITC and IRISL.

Please Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s