On March 17, 2014, Canada enacted economic sanctions against
Russian and Ukrainian officials that have been identified as being
responsible for undermining the sovereignty of Ukraine and
facilitating Russian military action against Ukraine. The
situation in the Ukraine remains volatile and companies carrying on
business with or in the Ukraine and Russia must be attentive to the
likelihood that additional sanctions may be imposed by the
Government of Canada and the international community in response to
future actions of the Russian and Crimean governments.
The sanctions are contained in the Special Economic Measures (Russia)
Regulations and the Special Economic Measures (Ukraine)
Regulations. They impose an asset freeze on
"designated persons" who are believed to have engaged in
activities that facilitate, support, provide funding to or
contributed to the deployment of Russian troops in Crimea or the
seizing of control of Ukrainian government and military assets in
Crimea. Persons in Canada and Canadians abroad are prohibited from
engaging in trade and other economic activities with
The sanctions currently list seven Russian and three Ukrainian
individuals as designated persons, including Dmitry Rogozin (Prime
Minister of Russia), Sergey Glazyev and Vladislav Surkov (advisers
to President Vladimir Putin), as well as Serhiy Aksyonov (Prime
Minister of Crimea) and Volodymyr Konstantynov (Chairman of the
The prohibited activities include:
Dealing in property held by or on behalf of a designated
Entering into or facilitating, directly or indirectly, any
transaction related to a dealing in property held by or on behalf
of a designated person;
Providing financial or other related services in respect of a
dealing in any property held by or on behalf of a designated
Making any goods available to a designated person;
Providing any financial or financial-related services to or for
the benefit of a designated person; and
Engaging in any activity that causes, assists, or promotes, or
is intended to cause, assist, or promote, any of the acts
Certain transactions are exempted from the prohibitions on
economic activities with designated persons (e.g.,
payments made by or on behalf of designated persons that are due
under contracts entered into before the enactment of the sanctions
if such payments are not made to or for the benefit of a designated
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
While that agreement mandated export measures on Canadian softwood lumber exports destined for the United States, it also protected those lumber exports from the potential imposition of onerous import measures by the U.S.
On September 29, 2016, the Supreme Court of Canada issued its first tariff classification decision since Canada signed the International Convention on the Harmonized Commodity Description and Coding System in 1998.
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).