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ARTICLE · 28 MARCH 2019

New Russia Sanctions Designations

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On Friday, March 15, 2019, the Government of Canada amended its Russia economic sanctions regulations to add a number of new individuals and entities to the restricted party list.

CanadaInternational Law
Jessica Horwitz
Jessica Horwitz
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On Friday, March 15, 2019, the Government of Canada amended its Russia economic sanctions regulations to add a number of new individuals and entities to the restricted party list. See Regulations Amending the Special Economic Measures (Russia) Regulations (SOR/2019-71).

Canadian businesses should carefully review the list of new designations and assess whether they include any current or prospective business partners.

The Canadian Government's Regulatory Impact Analysis Statement explaining the policy rationale behind the new designations will be published in next week's edition of the Canada Gazette, along with the official amending regulations. However, it is likely that the designations are in response to an escalation of tensions over a November 2018 incident in which the Russian coast guard fired on and captured three Ukrainian navy vessels in the Kerch Strait between the Black Sea and the Sea of Azov on Crimea's eastern peninsula.

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