In a coordinated action with the United States and
European Union, Canada on Friday announced a fresh round of Russian
sanctions targeting 114 new individuals and 15 new entities. It is
notable that most of the newly-sanctioned entities and individuals
have been added to Schedule 1 of the Canadian Russia and Ukraine
sanctions regulations, respectively, and are thereby subject to the
strictest prohibitions under Canada's Russian sanctions. This
marks a significant expansion of the existing prohibitions against
doing business with Russian counterparties, as well as Ukrainian
counterparties believed to be supporting Russia's aggressions
in the Ukraine.
According to government statements these new sanctions are in
response to Russia's recent naval actions near Crimea,
including the capture of Ukrainian sailors in the Black Sea and
blockage of the Kerch Strait, which connects the Sea of Azoz to the
Black Sea. The sanctions also coincide with the fifth anniversary
of