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ARTICLE · 03 OCTOBER 2017

Canadian Economic Sanctions Update: New Sanctions Against Venezuela And Other Developments

Blake, Cassels & Graydon LLP
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Two recent developments in the Canadian economic sanctions regime are notable for Canadian financial institutions and businesses engaged in international trade:

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Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
Roy Millen
Roy Millen
Vladimir Shatiryan
Vladimir Shatiryan
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Two recent developments in the Canadian economic sanctions regime are notable for Canadian financial institutions and businesses engaged in international trade: Canada has imposed new sanctions against Venezuela under the Special Economic Measures Act (SEMA) and removed the export ban it had in place against Belarus since 2006.

VENEZUELA SEMA REGULATIONS

The SEMA is the federal legislation through which Canada imposes sanctions on foreign jurisdictions and persons, where the Canadian government is of the opinion that a grave breach of international peace and security has occurred, or when Canada implements a decision of an international organization, other than the United Nations.

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