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ARTICLE · 02 MARCH 2022

Canada's Response To Russia And Ukraine: New Sanctions And Export Controls

The Government of Canada, in concert with its Western allies, imposed new economic sanctions on Russia under the Special Economic Measures Act ("SEMA") and announced changes to Canada's export controls regime as it relates to Russia.

CanadaInternational Law

The Government of Canada, in concert with its Western allies, imposed new economic sanctions on Russia under the Special Economic Measures Act ("SEMA") and announced changes to Canada's export controls regime as it relates to Russia. New sanctions were first introduced on February 22, 2022 in response to Russia's recognition of the independence of two breakaway regions in Eastern Ukraine. Following Russia's invasion of Ukraine, Canada announced further sanctions on February 24 and February 25, 2022. 

The new sanctions are broad and complex. Moreover, Canada continues to add to the list of sanctioned persons, and to prohibitions as they relate to transacting with these sanctioned persons. It is imperative for Canadian businesses to understand the new sanctions, as any violations carry severe reputational and legal consequences.

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