The Government of Canada announced today that it is imposing new sanctions under the Special Economic Measures (Russia) Regulations in response to Russian President Vladimir Putin’s ongoing egregious and unjustifiable invasion of Ukraine.

These new measures impose a ban on the export of 28 services vital for the operation of the oil, gas and chemical industries, including technical, management, accounting and advertising services. The banning of the exportation of oil, gas and chemical services targets an industry that accounts for about 50% of Russia’s federal budget revenues.

The measures aim to apply pressure on President Putin to immediately withdraw his forces from Ukrainian soil while further reducing Russia’s ability to wage war.

This is not the first time the Government has taken escalated measures against Russia. Sanctions were imposed on more than 1,500 Russian individuals and entities as a result of the attempted annexation of Crimea in 2014.

Since Russia’s recent invasion of Ukraine on February 24, sanctions have been imposed on an additional 1,070 individuals and entities from and in Russia, Ukraine and Belarus.

Our government has reiterated that it will not back down from holding those responsible for the devastation that we are witnessing on a daily basis in Ukraine to account.  Ukrainians deserve to live in peace and this senseless war needs to stop.

Image: Government of Canada