On 17 February 2015, Canada announced that it was imposing economic sanctions and travel bans on 37 Russian and Ukrainian individuals and 17 Russian and Ukrainian entities. This follows similar measures previously imposed by Canada in view of the situation in Ukraine, reported on this blog.
Amongst the new listings are Sergey Chemezov, CEO of Rostec, and Russian firm Rosneft. Both firms have significant Canadian business interests.
The new Canadian measures echo EU sanctions which came into force on 16 February 2015 (reported on this blog), listing several of the same individuals. This includes Russian Deputy Minister of Defence Anatoly Antonov.
Speaking on Tuesday, Canadian Prime Minister Stephen Harper stated that “The collective sanctions imposed to date by Canada and its partners are putting real economic pressure on the Putin regime and its collaborators”, adding that “The cost to Russia will continue to rise if it persists in its escalation of the conflict and refuses to allow a peaceful resolution”.
The new listings can be found in full here.