Canada’s New Sanctions Against Putin’s War

by Olha Povaliaieva
Friday, July 15, 2022
Canada’s New Sanctions Against Putin’s War

On July 9, the government of Canada announced new deterrent tools regarding key areas of Russia's economy and industry

Since February 24, 2022, Canada has imposed sanctions on 1.150 people and companies in Russia, Ukraine and Belarus. The new package of sanctions covers areas that collectively account for more than 50% of revenues to the Russian budget.

"These new sanctions will apply to land and pipeline transport and the manufacture of metals and of transport, computer, electronic and electrical equipment, as well as of machinery. Once the measures are in effect, Canadian businesses will have 60 days to conclude contracts with targeted industries and services. This ban will broaden the scope of existing measures and put further pressure on a pillar of the Russian economy," Canadian government's site.

As stated on the website of the government of Canada, these areas were included in the package because Russia will then invest the money earned in the war against Ukraine.

We remind you that Canada has recognized Russia's actions against Ukrainians as genocide and fully supports our country and the ICC on the way to bringing Putin and all those whose hands are in the blood of Ukrainians to justice.

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