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ARTICLE · 02 JUNE 2014

Update On Canadian Economic Sanctions Against Russia

Borden Ladner Gervais LLP
Borden Ladner Gervais LLP
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On March 17, 2014, the Canadian Government announced that it intended to impose economic sanctions against Russia.

CanadaInternational Law

On March 17, 2014, the Canadian Government announced that it intended to impose economic sanctions against Russia. That same day, the Special EconomicMeasures (Russia) Regulations (the "Russian Regulations") came into force.

The Russian Regulations impose an asset freeze on  a list of designated persons and entities. Canada has stated that it believes there are reasonable grounds to believe that they are closely connected with the Government of Russia, or that they are individuals or entities engaged in activity that may contribute to the deployment of Russian armed forces to Crimea.

On April 28, 2014, the list of designated persons was expanded from 32 to 41 individuals. The updated list of designated persons is:

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