Canada added 14 more Russian oligarchs and other partners of President Vladimir Putin to its sanctions list Friday when also Announcing the ban on trade in luxury items with Moscow over The invasion of Ukraine.
ban aligns with Similar measures have been imposed by its allies such as the United States and the European Union, and the “will help To reduce the potential for Russian oligarchs to circumvent restrictions in Other luxury goods markets government She said.
It covers Canadian exports of Alcoholic beverages, tobacco, some textile products, sportswear, footwear, luxury clothing, accessories, jewelry, kitchen utensils and artas well as imports from Russia of Alcoholic beverages, seafood, fish and diamonds.
This represents 76 million Canadian dollars ($59 million). worth of goods in 2021, according to trade Numbers.
The government also announced Penalties against Russian oligarchs and family Members and associates of Putin and the restrictions on Exports to Russia of Goods that can be used in production and manufacturing of weapons”.
Canada imposed sanctions on more Over 1,000 individuals and entities from Russia, Belarus and Ukraine since Moscow invasion of Ukraine started on February 24.
