Canada imposes additional economic measures on Russian energy sector
March 2, 2022 – Warsaw, Poland – Global Affairs Canada
The Honourable Mélanie Joly, Minister of Foreign Affairs, today announced new sanctions under the Special Economic Measures (Russia) Regulationsin response to Russia’s unprovoked and unjustifiable invasion of Ukraine.
These new measures impose restrictions on 10 key individuals from 2 important companies in Russia’s energy sector, Rosneft and Gazprom. These measures are intended to put further pressure on Russia’s leadership to cease its violations of Ukraine’s sovereignty and territorial integrity.
Canada is taking these actions alongside its international partners and allies and in solidarity with the government and people of Ukraine. This coordination demonstrates the broad international support for Ukraine and its people. There will continue to be consultations with partners on implementing further sanctions if Russia persists with its aggression against Ukraine. The sanctions are expected to be in effect in the coming days through orders made.
“Canada’s support for Ukraine and its people is unwavering. We will continue to meet every act of aggression by Russia’s leadership with measures designed to weaken its ability to wage war. As the horrific events in Ukraine continue to unfold before our eyes, it is clear more must be done. Those who aid and abet Russian aggression will be held accountable. Canada stands with Ukraine.”
– Mélanie Joly, Minister of Foreign Affairs
- Since Russia’s attempted annexation and illegal occupation of Crimea in 2014, Canada has sanctioned over 850 individuals and entities, with many of these sanctions undertaken in coordination with our allies and partners. Canada’s sanctions will impose asset freezes and dealings prohibitions on listed persons.