The Honourable Mélanie Joly, Minister of Foreign Affairs, today announced that Canada is imposing new sanctions under the Special Economic Measures (Russia) Regulations in response to Russian President Vladimir Putin's ongoing egregious and unjustifiable invasion of Ukraine.
These new measures also impose restrictions on 22 individuals and 4 entities. Among the individuals and entities listed are senior officials of Russian financial institutions and their family members, as well as key financial institutions and banks.
The measures announced today apply further pressure on the Russian leadership to end its senseless war, which has resulted in the loss of thousands of lives, jeopardized the food security of millions and caused untold pain and suffering. Canada continues to call for a diplomatic solution.
These measures are the latest example of Canada's unwavering commitment to Ukraine and its people. The measures also demonstrate that Canada is a leader in the broad international effort to hold the Russian leadership accountable and defend Ukraine's sovereignty, territorial integrity and independence. Canada will continue to explore new ways to exert pressure on the Russian regime.
