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ARTICLE · 29 DECEMBER 2014

Canada Targets Russian Oil Exploration And Production

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On December 19, 2014 the Canadian Government imposed additional economic sanctions against Russia which expressly target oil exploration and production.

CanadaInternational Law
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Borden Ladner Gervais LLP
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On December 19, 2014 the Canadian Government imposed additional economic sanctions against Russia which expressly target oil exploration and production.

All persons in Canada and any Canadian outside Canada are now prohibited from exporting, selling, supplying or shipping certain goods to Russia or to any person in Russia for use in:

  1. offshore oil exploration or production at a depth greater than 500 m;
  2. oil exploration or production in the Arctic; or
  3. shale oil exploration or production.

The prohibited goods are listed in "Schedule 4" to the Sanctions.

Moreover, the new sanctions also prohibit the provision of any financial, technical or other services related to "Schedule 4 goods".

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